PPP Loan Data — FOX Electric I LTD, Arlington, TX
FOX Electric I LTD
Entity: Limited Liability Partnership
Location: Arlington, TXTweet This • Search All PPP Data
FOX Electric I LTD is a limited liability partnership located at Po Box 13338 in Arlington, Texas that received a Coronavirus-related PPP loan from the SBA of $4,267,027.00 in April, 2020.
$ PPP Loan Information
Lender:TEXAS CAPITAL BANK, NATIONAL ASSOCIATION
FOX Electric I LTD received a Paycheck Protection Loan of $4.27M through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, FOX Electric I LTD's total 2019 payroll expenses were approximately $20.48M in order to qualify for the PPP loan amount received.
Based on their reported 342 jobs retained, this equals an estimated average yearly compensation of $59,888 per employee1.
Business Information - FOX Electric I LTD in Arlington, TX
Po Box 13338
Arlington, TX 76094
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-06
Similar Companies near Arlington
In the Arlington area, 2 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 197 employees (compared to this company's 342) and received an average PPP loan of $2,327,414 (compared to this company's $4.27M).
Similar Nearby Businesses Who Received PPP Funding:
C&P Electrical Systems, LLC
Rio Vista, TX
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 FOX Electric I LTD's reported 342 employees, and received an average PPP loan of $181,171, 96% lower than this company's loan of $4.27M.
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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