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PPP Loan Data — Kinetic Electric Inc,
Rancho Cucamonga, CA
Kinetic Electric Inc
Entity: Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Rancho Cucamonga, CA
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Kinetic Electric Inc is a corporation located at 10700 Jersey Blvd Suite 100 in Rancho Cucamonga, California that received a Coronavirus-related PPP loan from the SBA of $50,100.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
13Loan Approved:
2020-04-14Lender:
COMMUNITY COMMERCE BANKKinetic Electric Inc received a Paycheck Protection Loan of $50,100 through COMMUNITY COMMERCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kinetic Electric Inc's total 2019 payroll expenses were approximately $240,480 in order to qualify for the PPP loan amount received.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $18,498 per employee1.
Business Information - Kinetic Electric Inc in Rancho Cucamonga, CA
10700 Jersey Blvd Suite 100
Rancho Cucamonga, CA 91730
Business Industry
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-31Similar Companies near Rancho Cucamonga
In the Rancho Cucamonga area, 20 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 13) and received an average PPP loan of $553,630 (compared to this company's $50,100).
Similar Nearby Businesses Who Received PPP Funding:
AG Engineering Inc
Rancho Cucamonga, CA
Rancho Pacific Electric, Inc.
Rancho Cucamonga, CA
Chief Electric, Inc.
Rch Cucamonga, CA
KCE Electric, Inc.
Rancho Cucamonga, CA
Wanfu Liang
El Monte, CA
Cable Brothers Inc
Rancho, CA
Rancho Pacific Electric Construction, Inc
Rancho Cucamonga, CA
Ttsi Electric, Inc.
Rancho Cucamonga, CA
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, 8% lower than Kinetic Electric Inc's reported 13 employees, and received an average PPP loan of $181,171, 262% higher than this company's loan of $50,100.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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