PPP Loan Data — MSF Electric, Inc., Stafford, TX
MSF Electric, Inc.
Entity: Subchapter S Corporation
Location: Stafford, TXTweet This • Search All PPP Data
MSF Electric, Inc. is a subchapter s corporation located at 10455 Fountaingate Dr. in Stafford, Texas that received a Coronavirus-related PPP loan from the SBA of $3,427,700.00 in April, 2020.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
MSF Electric, Inc. received a Paycheck Protection Loan of $3.43M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, MSF Electric, Inc.'s total 2019 payroll expenses were approximately $16.45M in order to qualify for the PPP loan amount received.
Based on their reported 292 jobs retained, this equals an estimated average yearly compensation of $56,346 per employee1.
Business Information - MSF Electric, Inc. in Stafford, TX
10455 Fountaingate Dr.
Stafford, TX 77477
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-09
Similar Companies near Stafford
In the Stafford area, 13 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 292) and received an average PPP loan of $341,276 (compared to this company's $3.43M).
Similar Nearby Businesses Who Received PPP Funding:
Bright Outdoors Pool Electrical Service, LLC
Houdini Plumbing Inc
Freedom Electric Inc
B-Connected Technologies LLC
Superior Home Automation
Meadows Place, TX
Aspire Sales LLC DBA Aspire Sales & Electrical Services LLC
Inland Electric Inc
Tech Petro Controls
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 MSF Electric, Inc.'s reported 292 employees, and received an average PPP loan of $181,171, 95% lower than this company's loan of $3.43M.
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