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PPP Loan Data — FST Technical Services, LLC,
Chandler, AZ
FST Technical Services, LLC
Entity: Limited Liability Company (LLC)
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Chandler, AZ
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FST Technical Services, LLC is a limited liability company (LLC) located at 450 E Warner Rd Ste 1 in Chandler, Arizona that received a Coronavirus-related PPP loan from the SBA of $3,014,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 194 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
194Loan Approved:
2020-04-08Lender:
WESTERN STATE BANKFST Technical Services, LLC received a Paycheck Protection Loan of $3.01M through WESTERN STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, FST Technical Services, LLC's total 2019 payroll expenses were approximately $14.47M in order to qualify for the PPP loan amount received.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $74,586 per employee1.
Business Information - FST Technical Services, LLC in Chandler, AZ
450 E Warner Rd Ste 1
Chandler, AZ 85225
Business Industry
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: VETERAN
Congressional District: AZ-09Similar 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 194) and received an average PPP loan of $438,919 (compared to this company's $3.01M).
Similar Nearby Businesses Who Received PPP Funding:
Scott Fire & Security
Chandler, AZ
O Herren Electric Corporation
Chandler, AZ
Foresight Connect, LLC
Chandler, AZ
Y Energy Solutions LLC
Chandler, AZ
Helios Systems, LLC
Chandler, AZ
Top Choice Electrical Contractors
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Arizona Electric, Lighting And Soundworks LLC
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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, 94% lower than FST Technical Services, LLC's reported 194 employees, and received an average PPP loan of $181,171, 94% lower than this company's loan of $3.01M.
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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