PPP Loan Data — C&P Electrical Systems, LLC, Rio Vista, TX
C&P Electrical Systems, LLC
Entity: Limited Liability Company (LLC)
Location: Rio Vista, TXTweet This • Search All PPP Data
C&P Electrical Systems, LLC is a limited liability company (LLC) located at 303 N Highway 174 in Rio Vista, Texas that received a Coronavirus-related PPP loan from the SBA of $387,800.00 in April, 2020.
$ PPP Loan Information
C&P Electrical Systems, LLC received a Paycheck Protection Loan of $387,800 through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, C&P Electrical Systems, LLC's total 2019 payroll expenses were approximately $1.86M in order to qualify for the PPP loan amount received.
Based on their reported 51 jobs retained, this equals an estimated average yearly compensation of $36,499 per employee1.
Business Information - C&P Electrical Systems, LLC in Rio Vista, TX
303 N Highway 174
Rio Vista, TX 76093
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-25
Similar Companies near Rio Vista
In the Rio Vista area, 7 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 51) and received an average PPP loan of $751,248 (compared to this company's $387,800).
Similar Nearby Businesses Who Received PPP Funding:
To Electric LLC DBA Orzech Electric
TTC Enterprises, LLC
FOX Electric I LTD
Radius Security Us Corporation
Stowe's Electric, LLC
Daniel Taliaferro Inc
Industry PPP Comparison Statistics
Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 12 employees, 76% lower than C&P Electrical Systems, LLC's reported 51 employees, and received an average PPP loan of $181,171, 53% lower than this company's loan of $387,800.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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