PPP Loan Data — Vision Electric, Bondurant, IA
Entity: Limited Liability Company (LLC)
Location: Bondurant, IATweet This • Search All PPP Data
Vision Electric is a limited liability company (LLC) located at 3300 Henry St Sw in Bondurant, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,408,549.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Lender:LINCOLN SAVINGS BANK
Vision Electric in Bondurant, IA received a Paycheck Protection Loan of $3.41M through LINCOLN SAVINGS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Vision Electric's total 2019 payroll expenses were approximately $16.36M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $65,444 per employee1.
Business Information - Vision Electric in Bondurant, IA
3300 Henry St Sw
Bondurant, IA 50035
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IA-03
Similar Companies near Bondurant
In the Bondurant area, 4 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 250) and received an average PPP loan of $925,575 (compared to this company's $3.41M).
Similar Nearby Businesses Who Received PPP Funding:
Enterprise Electrick, Inc.
A&N Electric And Controls, Inc.
Stweart 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, 95% lower than Vision Electric's reported 250 employees, and received an average PPP loan of $181,171, 95% lower than this company's loan of $3.41M.
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