PPP Loan Data — Terry's Electric, Inc., Kissimmee, FL
Terry's Electric, Inc.
Location: Kissimmee, FLTweet This • Search All PPP Data
Terry's Electric, Inc. is a corporation located at 600 N. Thacker Ave in Kissimmee, Florida that received a Coronavirus-related PPP loan from the SBA of $3,500,000.00 in April, 2020.
$ PPP Loan Information
Lender:ONE FLORIDA BANK
Terry's Electric, Inc. in Kissimmee, FL received a Paycheck Protection Loan of $3.5M through ONE FLORIDA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Terry's Electric, Inc.'s total 2019 payroll expenses were approximately $16.8M in order to qualify for the PPP loan amount received.
Based on their reported 348 jobs retained, this equals an estimated average yearly compensation of $48,276 per employee1.
Business Information - Terry's Electric, Inc. in Kissimmee, FL
600 N. Thacker Ave
Kissimmee, FL 34741
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-09
Similar Companies near Kissimmee
In the Kissimmee 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 348) and received an average PPP loan of $704,796 (compared to this company's $3.5M).
Similar Nearby Businesses Who Received PPP Funding:
Jose A Tobia Rodriguez
Safe Electric LLC
Jeff & Jerrys Electric Inc
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 Terry's Electric, Inc.'s reported 348 employees, and received an average PPP loan of $181,171, 95% lower than this company's loan of $3.5M.
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