PPP Loan Data — Merit Electric Of Spokane, Inc, Spokane, WA
Merit Electric Of Spokane, Inc
Entity: Subchapter S Corporation
Location: Spokane, WATweet This • Search All PPP Data
Merit Electric Of Spokane, Inc is a subchapter s corporation located at 815 N Helena in Spokane, Washington that received a Coronavirus-related PPP loan from the SBA of $2,478,493.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:WASHINGTON TRUST BANK
Merit Electric Of Spokane, Inc received a Paycheck Protection Loan of $2.48M through WASHINGTON TRUST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Merit Electric Of Spokane, Inc's total 2019 payroll expenses were approximately $11.9M in order to qualify for the PPP loan amount received.
Unlike most businesses, Merit Electric Of Spokane, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Merit Electric Of Spokane, Inc in Spokane, WA
815 N Helena
Spokane, WA 99202
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-05
Similar Companies near Spokane
In the Spokane area, 8 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 0) and received an average PPP loan of $1,179,906 (compared to this company's $2.48M).
Similar Nearby Businesses Who Received PPP Funding:
Rainbow Electric, Inc
Evco Sound & Electronics Inc
Mountain States Electrical Contractors Inc
Power City Electric, Inc
Electric City, Inc
Vector Electric Corporation
Voltric 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, and received an average PPP loan of $181,171, 93% lower than this company's loan of $2.48M.
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