PPP Loan Data — Conference Technologies, Inc., Maryland Heights, MO
Conference Technologies, Inc.
Location: Maryland Heights, MOTweet This • Search All PPP Data
Conference Technologies, Inc. is a corporation located at 11653 Adie Rd in Maryland Heights, Missouri that received a Coronavirus-related PPP loan from the SBA of $6,209,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 493 people during the applicable loan loan period.
$ PPP Loan Information
Conference Technologies, Inc. in Maryland Heights, MO received a Paycheck Protection Loan of $6.21M through MIDWEST BANKCENTRE, which was approved in April, 2020.
Based on standard PPP eligibility rules, Conference Technologies, Inc.'s total 2019 payroll expenses were approximately $29.81M in order to qualify for the PPP loan amount received.
Based on their reported 493 jobs retained, this equals an estimated average yearly compensation of $60,462 per employee1.
Business Information - Conference Technologies, Inc. in Maryland Heights, MO
11653 Adie Rd
Maryland Heights, MO 63043
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MO-01
Similar Companies near Maryland Heights
In the Maryland Heights area, 4 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 493) and received an average PPP loan of $1,683,078 (compared to this company's $6.21M).
Similar Nearby Businesses Who Received PPP Funding:
Ehrlich's Installation And Service, Inc.
Jaxxson Services, LLC
Building Systems Technologies LLC
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, 98% lower than Conference Technologies, Inc.'s reported 493 employees, and received an average PPP loan of $181,171, 97% lower than this company's loan of $6.21M.
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, 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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