PPP Loan Data — Nexrev LLC, Plano, TX
Entity: Limited Liability Company (LLC)
Location: Plano, TXTweet This • Search All PPP Data
Nexrev LLC is a limited liability company (LLC) located at 601 Development Dr in Plano, Texas that received a Coronavirus-related PPP loan from the SBA of $2,563,400.00 in April, 2020.
$ PPP Loan Information
Nexrev LLC in Plano, TX received a Paycheck Protection Loan of $2.56M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nexrev LLC's total 2019 payroll expenses were approximately $12.3M in order to qualify for the PPP loan amount received.
Based on their reported 127 jobs retained, this equals an estimated average yearly compensation of $96,884 per employee1.
Business Information - Nexrev LLC in Plano, TX
601 Development Dr
Plano, TX 75074
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-03
Similar Companies near Plano
In the Plano area, 12 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 127) and received an average PPP loan of $750,857 (compared to this company's $2.56M).
Similar Nearby Businesses Who Received PPP Funding:
Holder & Holder Electric, Inc.
Shine Electrical Group LTD
Kelly Young Electric Inc
Xencom Energy Group, LLC
HUA Yi Construction, Inc
Corrie Integrity Group LLC
Axium Electric Corpdba Automated Control
Covewood Electric Co.
Wesley Joe 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, 91% lower than Nexrev LLC's reported 127 employees, and received an average PPP loan of $181,171, 93% lower than this company's loan of $2.56M.
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