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PPP Loan Data — Prime Communications Inc,
Elkhorn, NE
Prime Communications Inc
Entity: Corporation
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Elkhorn, NE
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Prime Communications Inc is a corporation located at 22145 W Maple Rd in Elkhorn, Nebraska that received a Coronavirus-related PPP loan from the SBA of $2,509,000.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least 191 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
191Loan Approved:
2020-04-07Lender:
ARBOR BANKPrime Communications Inc received a Paycheck Protection Loan of $2.51M through ARBOR BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Prime Communications Inc's total 2019 payroll expenses were approximately $12.04M in order to qualify for the PPP loan amount received.
Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $63,053 per employee1.
Business Information - Prime Communications Inc in Elkhorn, NE
22145 W Maple Rd
Elkhorn, NE 68022
Business Industry
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: Unreported
Veteran Status: Unreported
Congressional District: NE-02Similar Companies near Elkhorn
In the Elkhorn area, 10 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 191) and received an average PPP loan of $299,486 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
Everything Electrical
Elkhorn, NE
Jake Electric LLC
Elkhorn, NE
Heartland Electrical Sales
Elkhorn, NE
Ozzy Fiber Construction Inc
Elkhorn, NE
DU-Rite Electric, Inc.
Elkhorn, NE
Uleman Electrical Contracting Inc
Fort Calhoun, NE
Sellhorst Security And Sound, Inc
Elkhorn, NE
5G Electric Inc
Elkhorn, NE
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 Prime Communications Inc's reported 191 employees, and received an average PPP loan of $181,171, 93% lower than this company's loan of $2.51M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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