PPP Loan Data — Melton Electric Inc.,
Houston, TX
Melton Electric Inc.
Entity: Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Houston, TX

Melton Electric Inc. is a corporation located at 2309 Karbach St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $3,697,467.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
275Loan Approved:
2020-05-01Lender:
HANCOCK WHITNEY BANKMelton Electric Inc. in Houston, TX received a Paycheck Protection Loan of $3.7M through HANCOCK WHITNEY BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Melton Electric Inc.'s total 2019 payroll expenses were approximately $17.75M in order to qualify for the PPP loan amount received.
Based on their reported 275 jobs retained, this equals an estimated average yearly compensation of $64,538 per employee1.
Business Information - Melton Electric Inc. in Houston, TX
2309 Karbach St
Houston, TX 77092
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: TX-18Similar Companies near Houston
In the Houston area, 21 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 275) and received an average PPP loan of $475,755 (compared to this company's $3.7M).
Similar Nearby Businesses Who Received PPP Funding:
Advantage Security Integration LTD
Houston, TX
Merit Electric Company
Houston, TX
Jesus Trevino
Houston, TX
Cicle Of Love
Houston, TX
J S Electrical Contractors Inc
Houston, TX
Quality Cable Installers LLC
Houston, TX
Gonzales Commercial Electric, LLC
Houston, TX
Grouded
Houston, TX
Avex, LLC
Houston, TX
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, 96% lower than Melton Electric Inc.'s reported 275 employees, and received an average PPP loan of $181,171, 95% lower than this company's loan of $3.7M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!