PPP Loan Data — Utili-Serve, LLC, Conover, NC
Entity: Subchapter S Corporation
Location: Conover, NCTweet This • Search All PPP Data
Utili-Serve, LLC is a subchapter s corporation located at 1701 Cable Drive Ne in Conover, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,847,300.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Utili-Serve, LLC in Conover, NC received a Paycheck Protection Loan of $2.85M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Utili-Serve, LLC's total 2019 payroll expenses were approximately $13.67M in order to qualify for the PPP loan amount received.
Based on their reported 182 jobs retained, this equals an estimated average yearly compensation of $75,094 per employee1.
Business Information - Utili-Serve, LLC in Conover, NC
1701 Cable Drive Ne
Conover, NC 28613
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-10
Similar Companies near Conover
In the Conover area, 5 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 57 employees (compared to this company's 182) and received an average PPP loan of $760,063 (compared to this company's $2.85M).
Similar Nearby Businesses Who Received PPP Funding:
Connelly Springs Electric Inc.
Connellys Springs, NC
Smart Electric Company, Inc.
Connelly Springs, NC
B&L Telephone, LLC
Progressive Electric Company, 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, 93% lower than Utili-Serve, LLC's reported 182 employees, and received an average PPP loan of $181,171, 94% lower than this company's loan of $2.85M.
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Footnotes & Information
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