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PPP Loan Data — Infrastructure Technology Services Inc,
Youngsville, NC
Infrastructure Technology Services Inc
Entity: Subchapter S Corporation
Industry: Water and Sewer Line and Related Structures Construction
Location: Youngsville, NC
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Infrastructure Technology Services Inc is a subchapter s corporation located at 360 Wolfpack Ln in Youngsville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $3,051,500.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
264Loan Approved:
2020-04-13Lender:
PNC BANK, NATIONAL ASSOCIATIONInfrastructure Technology Services Inc in Youngsville, NC received a Paycheck Protection Loan of $3.05M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Infrastructure Technology Services Inc's total 2019 payroll expenses were approximately $14.65M in order to qualify for the PPP loan amount received.
Based on their reported 264 jobs retained, this equals an estimated average yearly compensation of $55,482 per employee1.
Business Information - Infrastructure Technology Services Inc in Youngsville, NC
360 Wolfpack Ln
Youngsville, NC 27596
Business Industry
Water and Sewer Line and Related Structures Construction (NAICS code 237110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-02Similar Companies near Youngsville
In the Youngsville area, 3 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a PPP loan. These local businesses reported an average of 103 employees (compared to this company's 264) and received an average PPP loan of $1,194,500 (compared to this company's $3.05M).
Similar Nearby Businesses Who Received PPP Funding:
Harrelson Utility Repair And Contracting Inc
Zebulon, NC
Ellington Contractors, Inc.
Zebulon, NC
Industry PPP Comparison Statistics
Nationwide, 5,092 businesses in the "Water and Sewer Line and Related Structures Construction" industry received a total of $1,334,037,195.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 17 employees, 94% lower than Infrastructure Technology Services Inc's reported 264 employees, and received an average PPP loan of $261,987, 91% lower than this company's loan of $3.05M.
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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