PPP Loan Data — Eustis Cable Enterprises LTD, Brookfield, VT
Eustis Cable Enterprises LTD
Location: Brookfield, VTTweet This • Search All PPP Data
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
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.
Business Information - Eustis Cable Enterprises LTD in Brookfield, VT
355 East St
Brookfield, VT 05036
Power and Communication Line and Related Structures Construction (NAICS code 237130)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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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