PPP Loan Data — K H Electrical Systems Inc, Canton, MA
K H Electrical Systems Inc
Entity: Independent Contractors
Location: Canton, MATweet This • Search All PPP Data
K H Electrical Systems Inc is an independent contractors located at 75 Getchell Way in Canton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,804,500.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:CITIZENS BANK, NATIONAL ASSOCIATION
K H Electrical Systems Inc in Canton, MA received a Paycheck Protection Loan of $2.8M through CITIZENS BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, K H Electrical Systems Inc's total 2019 payroll expenses were approximately $13.46M in order to qualify for the PPP loan amount received.
Unlike most businesses, K H Electrical Systems Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - K H Electrical Systems Inc in Canton, MA
75 Getchell Way
Canton, MA 2021
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MA-08
Similar Companies near Canton
In the Canton area, 14 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 0) and received an average PPP loan of $861,671 (compared to this company's $2.8M).
Similar Nearby Businesses Who Received PPP Funding:
Chris Loughran Electric Inc
Beacon Piping Co.
Highgate Electric, Inc.
Startec Communications Inc
Florence Electric, 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, and received an average PPP loan of $181,171, 94% lower than this company's loan of $2.8M.
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