PPP Loan Data — Mesa Electrical Contractors Inc, Canutillo, TX
Mesa Electrical Contractors Inc
Entity: Subchapter S Corporation
Location: Canutillo, TXTweet This • Search All PPP Data
Mesa Electrical Contractors Inc is a subchapter s corporation located at 502 Joe Angel Rd in Canutillo, Texas that received a Coronavirus-related PPP loan from the SBA of $46,949.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Mesa Electrical Contractors Inc in Canutillo, TX received a Paycheck Protection Loan of $46,949 through Pioneer Bank, 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, Mesa Electrical Contractors Inc's 2019 payroll expenses are estimated to be at least $225,355.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,339 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mesa Electrical Contractors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,949
Business Information - Mesa Electrical Contractors Inc in Canutillo, TX
502 Joe Angel Rd
Canutillo, TX 79835
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Canutillo
In the Canutillo area, 4 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $21,996 (compared to this company's $46,949).
Similar Nearby Businesses Who Received PPP Funding:
American United Electrical Co LLC
Hector M. Garcia
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, 175% higher than Mesa Electrical Contractors Inc's reported 4 employees, and received an average PPP loan of $142,494, 204% higher than this company's loan of $46,949.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!