PPP Loan Data — Pritchard Electric Company, Huntington, WV
Pritchard Electric Company
Location: Huntington, WVTweet This • Search All PPP Data
Pritchard Electric Company is a corporation located at 2425 8th Ave in Huntington, West Virginia that received a Coronavirus-related PPP loan from the SBA of $3,945,600.00 in April, 2020.
$ PPP Loan Information
Pritchard Electric Company in Huntington, WV received a Paycheck Protection Loan of $3.95M through UNITED BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Pritchard Electric Company's total 2019 payroll expenses were approximately $18.94M in order to qualify for the PPP loan amount received.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $88,088 per employee1.
Business Information - Pritchard Electric Company in Huntington, WV
2425 8th Ave
Huntington, WV 25703
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WV-03
Similar Companies near Huntington
In the Huntington area, 2 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 113 employees (compared to this company's 215) and received an average PPP loan of $2,057,325 (compared to this company's $3.95M).
Similar Nearby Businesses Who Received PPP Funding:
Whitt-Meadows 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 Pritchard Electric Company's reported 215 employees, and received an average PPP loan of $181,171, 95% lower than this company's loan of $3.95M.
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