PPP Loan Data — C Davis Electric Co Inc, Miramar, FL
C Davis Electric Co Inc
Location: Miramar, FLTweet This • Search All PPP Data
C Davis Electric Co Inc is a corporation located at 1701 Sw 100th Terrace in Miramar, Florida that received a Coronavirus-related PPP loan from the SBA of $2,907,230.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
C Davis Electric Co Inc received a Paycheck Protection Loan of $2.91M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, C Davis Electric Co Inc's total 2019 payroll expenses were approximately $13.95M in order to qualify for the PPP loan amount received.
Based on their reported 227 jobs retained, this equals an estimated average yearly compensation of $61,474 per employee1.
Business Information - C Davis Electric Co Inc in Miramar, FL
1701 Sw 100th Terrace
Miramar, FL 33025
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-20
Similar Companies near Miramar
In the Miramar area, 15 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 227) and received an average PPP loan of $222,800 (compared to this company's $2.91M).
Similar Nearby Businesses Who Received PPP Funding:
R & R Electric Of Broward, Inc.
Pembroke Pines, FL
My Electrical Genie LLC
JD Powder Electric Inc
Pembroke Pines, FL
Electrical Maintenance Plus Inc
Power Point Electric, Inc
Pro-Tech International Security Systems, Inc.
TML Electric Inc
National Electric & Controls, Inc.
Pembroke Pines, FL
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, 95% lower than C Davis Electric Co Inc's reported 227 employees, and received an average PPP loan of $181,171, 94% lower than this company's loan of $2.91M.
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.
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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