PPP Loan Data — Foresight Connect, LLC, Chandler, AZ
Foresight Connect, LLC
Entity: Limited Liability Company (LLC)
Location: Chandler, AZTweet This • Search All PPP Data
Foresight Connect, LLC is a limited liability company (LLC) located at 3184 Colorado St in Chandler, Arizona that received a Coronavirus-related PPP loan from the SBA of $312,000.00 in April, 2020.
$ PPP Loan Information
Lender:WESTERN ALLIANCE BANK
Foresight Connect, LLC received a Paycheck Protection Loan of $312,000 through WESTERN ALLIANCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Foresight Connect, LLC's total 2019 payroll expenses were approximately $1.5M in order to qualify for the PPP loan amount received.
Based on their reported 35 jobs retained, this equals an estimated average yearly compensation of $42,789 per employee1.
Business Information - Foresight Connect, LLC in Chandler, AZ
3184 Colorado St
Chandler, AZ 85225
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AZ-09
Similar Companies near Chandler
In the Chandler area, 23 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 35) and received an average PPP loan of $438,919 (compared to this company's $312,000).
Similar Nearby Businesses Who Received PPP Funding:
O Herren Electric Corporation
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Swords Electric LLC
D & A Security And Electrical Co, LLC
Marden Electric LLC
Cissell Electric Inc
Tekline Electrical Services, LLC
FST Technical Services, LLC
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, 66% lower than Foresight Connect, LLC's reported 35 employees, and received an average PPP loan of $181,171, 42% lower than this company's loan of $312,000.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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