PPP Loan Data — Hawkeye Electric Inc, Chandler, AZ
Hawkeye Electric Inc
Location: Chandler, AZTweet This • Search All PPP Data
Hawkeye Electric Inc is a corporation located at 10 S Roosevelt Avenue in Chandler, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,263,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bankers Trust Company
Hawkeye Electric Inc in Chandler, AZ received a Paycheck Protection Loan of $2.26M through Bankers Trust Company, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Hawkeye Electric Inc's 2019 payroll expenses are estimated to be at least $10.86M.
Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $48,712 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hawkeye Electric Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,263,100
Business Information - Hawkeye Electric Inc in Chandler, AZ
10 S Roosevelt Avenue
Chandler, AZ 85226
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chandler
In the Chandler area, 24 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 223) and received an average PPP loan of $433,152 (compared to this company's $2.26M).
Similar Nearby Businesses Who Received PPP Funding:
Sun Valley Solar Solutions LLC
Cable Solutions LLC
Abstract Lighting LLC
Cissell Electric Inc
Swords Electric LLC
Native Technology Solutions, Inc
Savage Installations LLC
Industry PPP Comparison Statistics
Nationwide, 82,626 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.77B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 95% lower than Hawkeye Electric Inc's reported 223 employees, and received an average PPP loan of $142,494, 94% lower than this company's loan of $2.26M.
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Footnotes & Information
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