PPP Loan Data — A Team Heating & Cooling LLC, Salem, OR
A Team Heating & Cooling LLC
Entity: Limited Liability Company (LLC)
Location: Salem, ORTweet This • Search All PPP Data
A Team Heating & Cooling LLC is a limited liability company (LLC) located at 2608 Cherry Ave in Salem, Oregon that received a Coronavirus-related PPP loan from the SBA of $289,700.00 in April, 2020.
$ PPP Loan Information
A Team Heating & Cooling LLC received a Paycheck Protection Loan of $289,700 through CITIZENS BANK, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, A Team Heating & Cooling LLC's total 2019 payroll expenses were approximately $1.39M in order to qualify for the PPP loan amount received.
Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $99,326 per employee1.
Business Information - A Team Heating & Cooling LLC in Salem, OR
2608 Cherry Ave
Salem, OR 97301
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OR-05
Similar Companies near Salem
In the Salem area, 16 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 14) and received an average PPP loan of $515,707 (compared to this company's $289,700).
Similar Nearby Businesses Who Received PPP Funding:
Vicon Mechanical Contractor, Inc.
Nicholas King LLC
Melton Heating & Air Conditioning, Inc.
Evergreen Plumbing And Mechanical LLC
Day Heating Co.
JET Industries, Inc
Oregon Cascade Plumbing And Heating Inc
A-1 Plumbing Inc
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 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 11 employees, 21% lower than A Team Heating & Cooling LLC's reported 14 employees, and received an average PPP loan of $154,981, 47% lower than this company's loan of $289,700.
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. 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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