PPP Loan Data — Land Mark Electric, Inc.,
Canoga Park, CA
Land Mark Electric, Inc.
Entity: Subchapter S Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Canoga Park, CA

Land Mark Electric, Inc. is a subchapter s corporation located at 7876 Deering Avenue in Canoga Park, California that received a Coronavirus-related PPP loan from the SBA of $3,669,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
246Loan Approved:
2020-04-15Lender:
ZIONS BANK, A DIVISION OFLand Mark Electric, Inc. in Canoga Park, CA received a Paycheck Protection Loan of $3.67M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, Land Mark Electric, Inc.'s total 2019 payroll expenses were approximately $17.61M in order to qualify for the PPP loan amount received.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $71,604 per employee1.
Business Information - Land Mark Electric, Inc. in Canoga Park, CA
7876 Deering Avenue
Canoga Park, CA 91304
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-30Similar Companies near Canoga Park
In the Canoga Park area, 17 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 246) and received an average PPP loan of $278,486 (compared to this company's $3.67M).
Similar Nearby Businesses Who Received PPP Funding:
Coelectric
Canoga Park, CA
Speed Of Light Inc
Canoga Park, CA
Kesling Electric Inc
West Hills, CA
Mogab Electric, Inc.
Canoga Park, CA
Ambrose Electric, Inc.
Canoga Park, CA
Amptec
Canoga Park, CA
Am House Inc.
Canoga Park, CA
Imperium Energy
Canoga Park, CA
D&D Electrical Services, Inc
Canoga Park, 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, 95% lower than Land Mark Electric, Inc.'s reported 246 employees, and received an average PPP loan of $181,171, 95% lower than this company's loan of $3.67M.
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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