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PPP Loan Data — Gephart Electric Co Inc,
Saint Paul, MN
Gephart Electric Co Inc
Entity: Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Saint Paul, MN
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Gephart Electric Co Inc is a corporation located at 3550 Labore Rd Ste 11 in Saint Paul, Minnesota that received a Coronavirus-related PPP loan from the SBA of $4,228,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 208 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
208Loan Approved:
2020-04-09Lender:
BMO HARRIS BANK NATIONAL ASSOCIATIONGephart Electric Co Inc received a Paycheck Protection Loan of $4.23M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gephart Electric Co Inc's total 2019 payroll expenses were approximately $20.29M in order to qualify for the PPP loan amount received.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $97,569 per employee1.
Business Information - Gephart Electric Co Inc in Saint Paul, MN
3550 Labore Rd Ste 11
Saint Paul, MN 55110
Business Industry
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MN-04Similar Companies near Saint Paul
In the Saint Paul area, 11 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 208) and received an average PPP loan of $941,996 (compared to this company's $4.23M).
Similar Nearby Businesses Who Received PPP Funding:
NEI Electric Inc
Saint Paul, MN
Empire Electric Inc
Saint Paul, MN
Complete Electric, LLC
Saint Paul, MN
Assurance Technologies Inc
Saint Paul, MN
Squared C Holdings Inc
Saint Paul, MN
Laughlin Electric And Construction LLC
White Bear Lk, MN
Wildwood Electric Service LLC
Saint Paul, MN
Redlin Electric Inc
White Bear Township, MN
Seacom, LLC
Saint Paul, MN
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 Gephart Electric Co Inc's reported 208 employees, and received an average PPP loan of $181,171, 96% lower than this company's loan of $4.23M.
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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