PPP Loan Data — Haskins Electric, LLC, Phoenix, AZ
Haskins Electric, LLC
Entity: Limited Liability Company (LLC)
Location: Phoenix, AZTweet This • Search All PPP Data
Haskins Electric, LLC is a limited liability company (LLC) located at 1414 N 25th Ave in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,778,900.00 in April, 2020.
$ PPP Loan Information
Lender:ENTERPRISE BANK & TRUST
Haskins Electric, LLC in Phoenix, AZ received a Paycheck Protection Loan of $2.78M through ENTERPRISE BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, Haskins Electric, LLC's total 2019 payroll expenses were approximately $13.34M in order to qualify for the PPP loan amount received.
Based on their reported 343 jobs retained, this equals an estimated average yearly compensation of $38,888 per employee1.
Business Information - Haskins Electric, LLC in Phoenix, AZ
1414 N 25th Ave
Phoenix, AZ 85009
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AZ-07
Similar Companies near Phoenix
In the Phoenix area, 7 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 343) and received an average PPP loan of $790,163 (compared to this company's $2.78M).
Similar Nearby Businesses Who Received PPP Funding:
Digital Home Lifestyles LLC
Super Electric, LLC
Chico's Electric LLC
Canyon State Electric Co Inc
Universal Solar Direct 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, 97% lower than Haskins Electric, LLC's reported 343 employees, and received an average PPP loan of $181,171, 93% lower than this company's loan of $2.78M.
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, 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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