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PPP Loan Data — Rescue Electric Corporation, Antioch, CA

SBA PPP loan data, payroll data, and salaries for Rescue Electric Corporation

Rescue Electric Corporation

Entity: Subchapter S Corporation

Industry: Electrical Contractors and Other Wiring Installation Contractors

Location: Antioch, CA

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Rescue Electric Corporation is a subchapter s corporation located at 2595 West 10th St in Antioch, California that received a Coronavirus-related PPP loan from the SBA of $6,116,300.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 380 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Rescue Electric Corporation received a Paycheck Protection Loan of $6.12M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.

Based on standard PPP eligibility rules, Rescue Electric Corporation's total 2019 payroll expenses were approximately $29.36M in order to qualify for the PPP loan amount received.

Based on their reported 380 jobs retained, this equals an estimated average yearly compensation of $77,259 per employee1.

Because the loan received by Rescue Electric Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Rescue Electric Corporation in Antioch, CA

Rescue Electric Corporation
2595 West 10th St
Antioch, CA 94509

Business Industry

Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)

Business Owner Demographics

Race / Ethnicity: WHITE


Veteran Status: Unreported

Congressional District: CA-09

Similar Companies near Antioch

In the Antioch area, 6 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 80 employees (compared to this company's 380) and received an average PPP loan of $1,230,166 (compared to this company's $6.12M).

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, 97% lower than Rescue Electric Corporation's reported 380 employees, and received an average PPP loan of $181,171, 97% lower than this company's loan of $6.12M.

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.

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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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