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PPP Loan Data — V3 Electric, Inc., El Dorado Hills, CA

SBA PPP loan data, payroll data, and salaries for V3 Electric, Inc.
CA

V3 Electric, Inc.

Entity: Corporation

Industry: All Other Miscellaneous Electrical Equipment and Component Manufacturing

Location: El Dorado Hills, CA

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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

Loan Size:

$2.61M

Jobs Retained:

412

Loan Approved:

2020-04-10

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.

Because the loan received by V3 Electric, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - V3 Electric, Inc. in El Dorado Hills, CA

V3 Electric, Inc.
4925 Robert J Mathews Pkwy Ste 100
El Dorado Hills, CA 95762

Business Industry

All Other Miscellaneous Electrical Equipment and Component Manufacturing (NAICS code 335999)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional 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.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/v3-electric-inc-el-dorado-hills-ca