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PPP Loan Data — FST Technical Services, LLC, Chandler, AZ

SBA PPP loan data, payroll data, and salaries for FST Technical Services, LLC
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:

$3.01M

Jobs Retained:

194

Loan Approved:

2020-04-08

Lender:

WESTERN STATE BANK

FST 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.

Because the loan received by FST Technical Services, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - FST Technical Services, LLC in Chandler, AZ

FST Technical Services, LLC
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-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 194) and received an average PPP loan of $438,919 (compared to this company's $3.01M).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/fst-technical-services-llc-chandler-az