PPP Loan Data — VON Elling Electric Inc, Manhattan, KS
VON Elling Electric Inc
Entity: Subchapter S Corporation
Location: Manhattan, KSTweet This • Search All PPP Data
VON Elling Electric Inc is a subchapter s corporation located at 3600 88th Ave in Manhattan, Kansas that received a Coronavirus-related PPP loan from the SBA of $71,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Community First National Bank
VON Elling Electric Inc in Manhattan, KS received a Paycheck Protection Loan of $71,600 through Community First National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, VON Elling Electric Inc's 2019 payroll expenses are estimated to be at least $343,680.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $57,280 per employee1
Reported PPP Proceed Usage:
On the PPP application, VON Elling Electric Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $71,600
Business Information - VON Elling Electric Inc in Manhattan, KS
3600 88th Ave
Manhattan, KS 66503
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Manhattan
In the Manhattan area, 22 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 6) and received an average PPP loan of $50,080 (compared to this company's $71,600).
Similar Nearby Businesses Who Received PPP Funding:
Economy Electric, Inc
Alternative Air Electric, LLC
Bolton Electric Inc
The Wiring Guy, Inc
V & V Electric Company Inc
Mueller Electric LLC
Industry PPP Comparison Statistics
Nationwide, 82,626 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.77B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 11 employees, 83% higher than VON Elling Electric Inc's reported 6 employees, and received an average PPP loan of $142,494, 99% higher than this company's loan of $71,600.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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