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PPP Loan Data — F & H Electrical Contractors Inc,
Crystal River, FL
F & H Electrical Contractors Inc
Entity: Subchapter S Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Crystal River, FL
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F & H Electrical Contractors Inc is a subchapter s corporation located at 9030 W. Fort Island Trail in Crystal River, Florida that received a Coronavirus-related PPP loan from the SBA of $4,031,982.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
340Loan Approved:
2020-04-10Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COF & H Electrical Contractors Inc received a Paycheck Protection Loan of $4.03M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, F & H Electrical Contractors Inc's total 2019 payroll expenses were approximately $19.35M in order to qualify for the PPP loan amount received.
Based on their reported 340 jobs retained, this equals an estimated average yearly compensation of $56,922 per employee1.
Business Information - F & H Electrical Contractors Inc in Crystal River, FL
9030 W. Fort Island Trail
Crystal River, FL 34429
Business Industry
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-11Similar Companies near Crystal River
In the Crystal River area, 9 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 340) and received an average PPP loan of $520,390 (compared to this company's $4.03M).
Similar Nearby Businesses Who Received PPP Funding:
J. A. Floyd, Inc.
Crystal River, FL
Morgan Electric LLC
Crystal River, FL
AAA Underground Utilities, Inc
Crystal River, FL
Dale R Yox Inc
Crystal River, FL
DAV Electric, LLC
Crystal River, FL
Devane Electric Inc
Crystal River, FL
Mojo Towers LLC
Crystal River, FL
Wesley Armitage Alarms,Inc
Crystal River, FL
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, 96% lower than F & H Electrical Contractors Inc's reported 340 employees, and received an average PPP loan of $181,171, 96% lower than this company's loan of $4.03M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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