PPP Loan Data — Southwest Electrical Contracting Services LTD, Converse, TX
Southwest Electrical Contracting Services LTD
Location: Converse, TXTweet This • Search All PPP Data
Southwest Electrical Contracting Services LTD is a corporation located at 9435 E Loop 1604 in Converse, Texas that received a Coronavirus-related PPP loan from the SBA of $6,175,300.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 470 people during the applicable loan loan period.
$ PPP Loan Information
Southwest Electrical Contracting Services LTD in Converse, TX received a Paycheck Protection Loan of $6.18M through FROST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Southwest Electrical Contracting Services LTD's total 2019 payroll expenses were approximately $29.64M in order to qualify for the PPP loan amount received.
Based on their reported 470 jobs retained, this equals an estimated average yearly compensation of $63,067 per employee1.
Business Information - Southwest Electrical Contracting Services LTD in Converse, TX
9435 E Loop 1604
Converse, TX 78109
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-28
Similar Companies near Converse
In the Converse area, 2 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 241 employees (compared to this company's 470) and received an average PPP loan of $3,229,000 (compared to this company's $6.18M).
Similar Nearby Businesses Who Received PPP Funding:
Advanced Solar And 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, 97% lower than Southwest Electrical Contracting Services LTD's reported 470 employees, and received an average PPP loan of $181,171, 97% lower than this company's loan of $6.18M.
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, 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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