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PPP Loan Data — T S Electric LLC, Frankfort, KY

SBA PPP loan data, payroll data, and salaries for T S Electric LLC
KY

T S Electric LLC

Entity: Limited Liability Company (LLC)

Industry: Electrical Contractors and Other Wiring Installation Contractors

Location: Frankfort, KY

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T S Electric LLC is a limited liability company (LLC) located at 125 Laralan Ave in Frankfort, Kentucky that received a Coronavirus-related PPP loan from the SBA of $79,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$79,700

Jobs Retained:

10

Loan Approved:

2020-04-07

Lender:

TRADITIONAL BANK, INC.

T S Electric LLC received a Paycheck Protection Loan of $79,700 through TRADITIONAL BANK, INC., which was approved in April, 2020.

Based on standard PPP eligibility rules, T S Electric LLC's total 2019 payroll expenses were approximately $382,560 in order to qualify for the PPP loan amount received.

Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $38,256 per employee1.

Business Information - T S Electric LLC in Frankfort, KY

T S Electric LLC
125 Laralan Ave
Frankfort, KY 40601

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KY-06

Similar Companies near Frankfort

In the Frankfort area, 5 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 63 employees (compared to this company's 10) and received an average PPP loan of $761,717 (compared to this company's $79,700).

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, 20% higher than T S Electric LLC's reported 10 employees, and received an average PPP loan of $181,171, 127% higher than this company's loan of $79,700.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/t-s-electric-llc-frankfort-ky