PPP Loan Data — V3 Electric, Inc., El Dorado Hills, CA
V3 Electric, Inc.
Location: El Dorado Hills, CATweet This • Search All PPP Data
V3 Electric, Inc. is a corporation located at 4925 Robert J Mathews Pkwy Ste 100 in El Dorado Hills, California that received a Coronavirus-related PPP loan from the SBA of $2,606,150.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 412 people during the applicable loan loan period.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
V3 Electric, Inc. in El Dorado Hills, CA received a Paycheck Protection Loan of $2.61M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, V3 Electric, Inc.'s total 2019 payroll expenses were approximately $12.51M in order to qualify for the PPP loan amount received.
Based on their reported 412 jobs retained, this equals an estimated average yearly compensation of $30,363 per employee1.
Business Information - V3 Electric, Inc. in El Dorado Hills, CA
4925 Robert J Mathews Pkwy Ste 100
El Dorado Hills, CA 95762
All Other Miscellaneous Electrical Equipment and Component Manufacturing (NAICS code 335999)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-04
Industry PPP Comparison Statistics
Nationwide, 1,412 businesses in the "All Other Miscellaneous Electrical Equipment and Component Manufacturing" industry received a total of $338,887,280.00 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 18 employees, 96% lower than V3 Electric, Inc.'s reported 412 employees, and received an average PPP loan of $240,005, 91% lower than this company's loan of $2.61M.
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Footnotes & Information
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