PPP Loan Data — Titan Electric, Inc, Bellevue, WA
Titan Electric, Inc
Location: Bellevue, WATweet This • Search All PPP Data
Titan Electric, Inc is a corporation located at 12828 Northup Way Suite 205 in Bellevue, Washington that received a Coronavirus-related PPP loan from the SBA of $5,756,052.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Titan Electric, Inc in Bellevue, WA received a Paycheck Protection Loan of $5.76M through HERITAGE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Titan Electric, Inc's total 2019 payroll expenses were approximately $27.63M in order to qualify for the PPP loan amount received.
Unlike most businesses, Titan 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 - Titan Electric, Inc in Bellevue, WA
12828 Northup Way Suite 205
Bellevue, WA 98005
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: WA-09
Similar Companies near Bellevue
In the Bellevue area, 16 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 0) and received an average PPP loan of $679,829 (compared to this company's $5.76M).
Similar Nearby Businesses Who Received PPP Funding:
Bellevue Electric, Inc
Sound Land Development, Inc.
Premier Electric Inc
Signature Audio Video Inc.
Burke Electric LLC
A & I Electrical Repair Inc
Widenet Consulting Group LLC
Obot 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, 97% lower than this company's loan of $5.76M.
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Footnotes & Information
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