PPP Loan Data — Enspec Fire Protection Systems Inc, Allen, TX
Enspec Fire Protection Systems Inc
Entity: Subchapter S Corporation
Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Location: Allen, TXTweet This • Search All PPP Data
Enspec Fire Protection Systems Inc is a subchapter s corporation located at 1332 Waterdown Dr in Allen, Texas that received a Coronavirus-related PPP loan from the SBA of $47,005.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Enspec Fire Protection Systems Inc in Allen, TX received a Paycheck Protection Loan of $47,005 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Enspec Fire Protection Systems Inc's 2019 payroll expenses are estimated to be at least $225,624.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,208 per employee1
Reported PPP Proceed Usage:
On the PPP application, Enspec Fire Protection Systems Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,005
Business Information - Enspec Fire Protection Systems Inc in Allen, TX
1332 Waterdown Dr
Allen, TX 75013
Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
NAICS code 423610
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 7,686 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a total of $1.31B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 14 employees, 367% higher than Enspec Fire Protection Systems Inc's reported 3 employees, and received an average PPP loan of $170,366, 262% higher than this company's loan of $47,005.
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