PPP Loan Data — Electric Services Inc, Leesburg, FL
Electric Services Inc
Location: Leesburg, FLTweet This • Search All PPP Data
Electric Services Inc is a corporation located at 1746 Us Highway 441 in Leesburg, Florida that received a Coronavirus-related PPP loan from the SBA of $2,961,300.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Electric Services Inc received a Paycheck Protection Loan of $2.96M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Electric Services Inc's total 2019 payroll expenses were approximately $14.21M in order to qualify for the PPP loan amount received.
Based on their reported 232 jobs retained, this equals an estimated average yearly compensation of $61,268 per employee1.
Business Information - Electric Services Inc in Leesburg, FL
1746 Us Highway 441
Leesburg, FL 34748
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-11
Similar Companies near Leesburg
In the Leesburg area, 8 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 232) and received an average PPP loan of $437,234 (compared to this company's $2.96M).
Similar Nearby Businesses Who Received PPP Funding:
Prime Electric Inc
Navtek Electrical Corp
Lakeside Electrical Services LLC
North Lake Electric Inc.
In Charge Electric, Inc.
My Star Alarm LLC DBA Star Security
Warner D Huntington
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 Electric Services Inc's reported 232 employees, and received an average PPP loan of $181,171, 94% lower than this company's loan of $2.96M.
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