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PPP Loan Data — Lucky Strike Electric Inc,
Arvada, CO
Lucky Strike Electric Inc
Entity: Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Arvada, CO
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Lucky Strike Electric Inc is a corporation located at 8680 Clara Dr in Arvada, Colorado that received a Coronavirus-related PPP loan from the SBA of $4,125.00 in March, 2021.
The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.
$
PPP Loan Information
Loan #6385688504
Loan Size:
Jobs Retained:
1Loan Approved:
2021-03-03Loan Status:
Ongoing LoanLender:
U.S. Bank, National AssociationLucky Strike Electric Inc in Arvada, CO received a Paycheck Protection Loan of $4,125 through U.S. Bank, National Association, which was approved in March, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Lucky Strike Electric Inc's 2019 payroll expenses are estimated to be at least $19,800.
Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $19,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lucky Strike Electric Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,125
Business Information - Lucky Strike Electric Inc in Arvada, CO
8680 Clara Dr
Arvada, CO 80002
Business Industry:
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Arvada
In the Arvada area, 25 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 1) and received an average PPP loan of $304,295 (compared to this company's $4,125).
Similar Nearby Businesses Who Received PPP Funding:
Tripwireless Inc
Arvada, CO
ZAE Electric
Arvada, CO
Genuine Quality Electrical Services
Arvada, CO
KM Electric, LLC
Arvada, CO
Exclusive Electric Of Denver, Inc
Arvada, CO
AMP City Electric
Arvada, CO
Piper Electric Co., Incorporated
Arvada, CO
Piper Communication Services Inc
Arvada, CO
Industry PPP Comparison Statistics
Nationwide, 71,211 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.34B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 1200% higher than Lucky Strike Electric Inc's reported 1 employees, and received an average PPP loan of $159,309, 3762% higher than this company's loan of $4,125.
Lucky Strike Electric, Inc
Entity: Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Arvada, CO
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•
Search All PPP Data
Lucky Strike Electric, Inc is a corporation located at 8680 Clara Dr in Arvada, Colorado that received a Coronavirus-related PPP loan from the SBA of $5,546.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.
$
PPP Loan Information
Loan #8177867704
Loan Size:
Jobs Retained:
1Loan Approved:
2020-05-01Loan Status:
Paid in Full or ForgivenLender:
U.S. Bank, National AssociationLucky Strike Electric, Inc in Arvada, CO received a Paycheck Protection Loan of $5,546 through U.S. Bank, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Lucky Strike Electric, Inc's 2019 payroll expenses are estimated to be at least $26,621.
Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $26,621 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lucky Strike Electric, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $5,546
Business Information - Lucky Strike Electric, Inc in Arvada, CO
8680 Clara Dr
Arvada, CO 80002
Business Industry:
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Arvada
In the Arvada area, 25 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 1) and received an average PPP loan of $304,295 (compared to this company's $5,546).
Similar Nearby Businesses Who Received PPP Funding:
Tripwireless Inc
Arvada, CO
ZAE Electric
Arvada, CO
Genuine Quality Electrical Services
Arvada, CO
KM Electric, LLC
Arvada, CO
Exclusive Electric Of Denver, Inc
Arvada, CO
AMP City Electric
Arvada, CO
Piper Electric Co., Incorporated
Arvada, CO
Piper Communication Services Inc
Arvada, CO
Industry PPP Comparison Statistics
Nationwide, 71,211 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.34B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 1200% higher than Lucky Strike Electric, Inc's reported 1 employees, and received an average PPP loan of $159,309, 2773% higher than this company's loan of $5,546.
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. Estimations for informational purposes only. 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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