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PPP Loan Data — Coke Electric Service, Inc., Salt Lake Cty, UT

SBA PPP loan data, payroll data, and salaries for Coke Electric Service, Inc.
UT

Coke Electric Service, Inc.

Entity: Corporation

Industry: Electrical Contractors and Other Wiring Installation Contractors

Location: Salt Lake Cty, UT

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Coke Electric Service, Inc. is a corporation located at 958 Colmar Ave W in Salt Lake Cty, Utah that received a Coronavirus-related PPP loan from the SBA of $94,897.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$94,897

Jobs Retained:

9

Loan Approved:

2020-05-01

Lender:

U.S. BANK, NATIONAL ASSOCIATION

Coke Electric Service, Inc. received a Paycheck Protection Loan of $94,897 through U.S. BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Coke Electric Service, Inc.'s total 2019 payroll expenses were approximately $455,506 in order to qualify for the PPP loan amount received.

Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $50,612 per employee1.

Business Information - Coke Electric Service, Inc. in Salt Lake Cty, UT

Coke Electric Service, Inc.
958 Colmar Ave W
Salt Lake Cty, UT 84104

Business Industry

Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: UT-02

Similar Companies near Salt Lake Cty

In the Salt Lake Cty area, 10 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 9) and received an average PPP loan of $409,259 (compared to this company's $94,897).

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, 33% higher than Coke Electric Service, Inc.'s reported 9 employees, and received an average PPP loan of $181,171, 91% higher than this company's loan of $94,897.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/coke-electric-service-inc-salt-lake-cty-ut