PPP Loan Data — QC Communications, Inc, Wabash, IN
QC Communications, Inc
Entity: Subchapter S Corporation
Location: Wabash, INTweet This • Search All PPP Data
QC Communications, Inc is a subchapter s corporation located at 7925 W 100 S in Wabash, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,433,945.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 165 people during the applicable loan loan period.
$ PPP Loan Information
Lender:FIRST FARMERS BANK & TRUST CO.
QC Communications, Inc in Wabash, IN received a Paycheck Protection Loan of $2.43M through FIRST FARMERS BANK & TRUST CO., which was approved in April, 2020.
Based on standard PPP eligibility rules, QC Communications, Inc's total 2019 payroll expenses were approximately $11.68M in order to qualify for the PPP loan amount received.
Based on their reported 165 jobs retained, this equals an estimated average yearly compensation of $70,806 per employee1.
Business Information - QC Communications, Inc in Wabash, IN
7925 W 100 S
Wabash, IN 46992
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IN-02
Similar Companies near Wabash
In the Wabash area, 4 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 165) and received an average PPP loan of $758,544 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
Bott Electric, Inc.
Creative Automation & Power Services, LLC
Quality 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, 93% lower than QC Communications, Inc's reported 165 employees, and received an average PPP loan of $181,171, 93% lower than this company's loan of $2.43M.
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