PPP Loan Data — Parrish Hare Electrical Supply LLC, Irving, TX
Parrish Hare Electrical Supply LLC
Entity: Limited Liability Company (LLC)
Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Location: Irving, TXTweet This • Search All PPP Data
Parrish Hare Electrical Supply LLC is a limited liability company (LLC) located at 4921 Conflans Rd in Irving, Texas that received a Coronavirus-related PPP loan from the SBA of $2,876,700.00 in April, 2020.
$ PPP Loan Information
Parrish Hare Electrical Supply LLC in Irving, TX received a Paycheck Protection Loan of $2.88M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Parrish Hare Electrical Supply LLC's total 2019 payroll expenses were approximately $13.81M in order to qualify for the PPP loan amount received.
Based on their reported 204 jobs retained, this equals an estimated average yearly compensation of $67,687 per employee1.
Business Information - Parrish Hare Electrical Supply LLC in Irving, TX
4921 Conflans Rd
Irving, TX 75061
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-24
Similar Companies near Irving
In the Irving area, 5 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 204) and received an average PPP loan of $838,546 (compared to this company's $2.88M).
Similar Nearby Businesses Who Received PPP Funding:
Southwestern Electrical Sales Inc
Crockett Southwest Company LLC
Enterprises Of Comfort Security
Reece Supply Company Of Dallas
Industry PPP Comparison Statistics
Nationwide, 4,322 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a total of $994,969,830.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 15 employees, 93% lower than Parrish Hare Electrical Supply LLC's reported 204 employees, and received an average PPP loan of $230,211, 92% lower than this company's loan of $2.88M.
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.
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