PPP Loan Data — Piper Electric Co., Incorporated, Arvada, CO
Piper Electric Co., Incorporated
Location: Arvada, COTweet This • Search All PPP Data
Piper Electric Co., Incorporated is a corporation located at 5960 Jay St in Arvada, Colorado that received a Coronavirus-related PPP loan from the SBA of $2,914,563.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 190 people during the applicable loan loan period.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
Piper Electric Co., Incorporated in Arvada, CO received a Paycheck Protection Loan of $2.91M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Piper Electric Co., Incorporated's total 2019 payroll expenses were approximately $13.99M in order to qualify for the PPP loan amount received.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $73,631 per employee1.
Business Information - Piper Electric Co., Incorporated in Arvada, CO
5960 Jay St
Arvada, CO 80003
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CO-07
Similar Companies near Arvada
In the Arvada area, 18 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 190) and received an average PPP loan of $284,711 (compared to this company's $2.91M).
Similar Nearby Businesses Who Received PPP Funding:
Advanced Wireless Solutions, Inc.
Edgewater Electric, Inc.
Sechler Electric Co., Inc.
Excel Control Services
Genuine Quality Electrical Services
Interstate Electrical Contractors Inc
Lucky Strike 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, 94% lower than Piper Electric Co., Incorporated's reported 190 employees, and received an average PPP loan of $181,171, 94% lower than this company's loan of $2.91M.
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