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PPP Loan Data — Eustis Cable Enterprises LTD, Brookfield, VT

SBA PPP loan data, payroll data, and salaries for Eustis Cable Enterprises LTD
VT

Eustis Cable Enterprises LTD

Entity: Corporation

Industry: Power and Communication Line and Related Structures Construction

Location: Brookfield, VT

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Eustis Cable Enterprises LTD is a corporation located at 355 East St in Brookfield, Vermont that received a Coronavirus-related PPP loan from the SBA of $3,047,122.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$3.05M

Jobs Retained:

225

Loan Approved:

2020-05-07

Lender:

PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION

Eustis Cable Enterprises LTD in Brookfield, VT received a Paycheck Protection Loan of $3.05M through PEOPLE'S UNITED BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Eustis Cable Enterprises LTD's total 2019 payroll expenses were approximately $14.63M in order to qualify for the PPP loan amount received.

Based on their reported 225 jobs retained, this equals an estimated average yearly compensation of $65,005 per employee1.

Because the loan received by Eustis Cable Enterprises LTD is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Eustis Cable Enterprises LTD in Brookfield, VT

Eustis Cable Enterprises LTD
355 East St
Brookfield, VT 05036

Business Industry

Power and Communication Line and Related Structures Construction (NAICS code 237130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: VT-

Industry PPP Comparison Statistics

Nationwide, 2,531 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $727,350,112.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 20 employees, 91% lower than Eustis Cable Enterprises LTD's reported 225 employees, and received an average PPP loan of $287,377, 91% lower than this company's loan of $3.05M.

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.

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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/eustis-cable-enterprises-ltd-brookfield-vt