PPP Loan Data — Telephone Electronics Corporation, Jackson, MS
Telephone Electronics Corporation is a corporation located at 236 East Capitol Street in Jackson, Mississippi that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Telephone Electronics Corporation in Jackson, MS received a Paycheck Protection Loan of $2.5M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Telephone Electronics Corporation's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Unlike most businesses, Telephone Electronics Corporation'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 - Telephone Electronics Corporation in Jackson, MS
236 East Capitol Street
Jackson, MS 39201
Wired Telecommunications Carriers (NAICS code 517311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MS-03
Industry PPP Comparison Statistics
Nationwide, 1,053 businesses in the "Wired Telecommunications Carriers" industry received a total of $312,345,268.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 19 employees, and received an average PPP loan of $296,624, 88% lower than this company's loan of $2.5M.
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Footnotes & Information
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