PPP Loan Data — Sea-Tac Electric, Inc., Kent, WA
Sea-Tac Electric, Inc.
Entity: Subchapter S Corporation
Location: Kent, WATweet This • Search All PPP Data
Sea-Tac Electric, Inc. is a subchapter s corporation located at 7056 S 220th St in Kent, Washington that received a Coronavirus-related PPP loan from the SBA of $2,422,500.00 in April, 2020.
The company has reported itself as a male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Sea-Tac Electric, Inc. in Kent, WA received a Paycheck Protection Loan of $2.42M through TIMBERLAND BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sea-Tac Electric, Inc.'s total 2019 payroll expenses were approximately $11.63M in order to qualify for the PPP loan amount received.
Unlike most businesses, Sea-Tac Electric, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Sea-Tac Electric, Inc. in Kent, WA
7056 S 220th St
Kent, WA 98032
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: WA-09
Similar Companies near Kent
In the Kent area, 16 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 0) and received an average PPP loan of $613,893 (compared to this company's $2.42M).
Similar Nearby Businesses Who Received PPP Funding:
Broadway Electric Graphic Services, Inc.
Optimum Electric, LLC
Phase NW LLC
AMS Electric Inc
R & R Electrical Services LLC
Holmes Electric Company
Ashford Electric & Construction
Thompson Electrical Services LLC
ALT Electric LLC
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, and received an average PPP loan of $181,171, 93% lower than this company's loan of $2.42M.
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