PPP Loan Data — Maui Neon, Inc, Kihei, HI
Maui Neon, Inc
Location: Kihei, HITweet This • Search All PPP Data
Maui Neon, Inc is a corporation located at 80 Laumakani Loop in Kihei, Hawaii that received a Coronavirus-related PPP loan from the SBA of $25,410.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of Hawaii
Maui Neon, Inc in Kihei, HI received a Paycheck Protection Loan of $25,410 through Bank of Hawaii, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Maui Neon, Inc's 2019 payroll expenses are estimated to be at least $121,968.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,328 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maui Neon, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,410
Business Information - Maui Neon, Inc in Kihei, HI
80 Laumakani Loop
Kihei, HI 96753
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Kihei
In the Kihei area, 11 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $35,138 (compared to this company's $25,410).
Similar Nearby Businesses Who Received PPP Funding:
Integrated Broadband Network Solutions Inc
Lightning Electric LLC
AcDC Systems LLC
Platinum Electric Inc
Maui Lighting & Design LLC
South Shore Electric Inc
Industry PPP Comparison Statistics
Nationwide, 82,626 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.77B 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 11 employees, 83% higher than Maui Neon, Inc's reported 6 employees, and received an average PPP loan of $142,494, 461% higher than this company's loan of $25,410.
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