PPP Loan Data — Long Electric Company, Inc., Indianapolis, IN
Long Electric Company, Inc.
Location: Indianapolis, INTweet This • Search All PPP Data
Long Electric Company, Inc. is a corporation located at 6902 Hawthorn Park Drive in Indianapolis, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,598,402.00 in April, 2020.
$ PPP Loan Information
Lender:THE NATIONAL BANK OF INDIANAPOLIS
Long Electric Company, Inc. received a Paycheck Protection Loan of $2.6M through THE NATIONAL BANK OF INDIANAPOLIS, which was approved in April, 2020.
Based on standard PPP eligibility rules, Long Electric Company, Inc.'s total 2019 payroll expenses were approximately $12.47M in order to qualify for the PPP loan amount received.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $83,149 per employee1.
Business Information - Long Electric Company, Inc. in Indianapolis, IN
6902 Hawthorn Park Drive
Indianapolis, IN 46220
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IN-05
Similar Companies near Indianapolis
In the Indianapolis area, 5 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 150) and received an average PPP loan of $557,203 (compared to this company's $2.6M).
Similar Nearby Businesses Who Received PPP Funding:
Beckerich Electrical Maintenance
David Electric Services, LLC
Safe Electric, Inc
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, 92% lower than Long Electric Company, Inc.'s reported 150 employees, and received an average PPP loan of $181,171, 93% lower than this company's loan of $2.6M.
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