PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — A Team Heating & Cooling LLC, Salem, OR

ALERT: There are 2 PPP loans for a total of $579,400 in our database for businesses with the name "A Team Heating & Cooling LLC" in Salem, OR. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for A Team Heating & Cooling LLC
OR

A Team Heating & Cooling LLC

Entity: Limited Liability Company (LLC)

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Salem, OR

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A Team Heating & Cooling LLC is a limited liability company (LLC) located at 2608 Cherry Ave Ne in Salem, Oregon that received a Coronavirus-related PPP loan from the SBA of $289,700.00 in January, 2021.

$ PPP Loan Information
Loan #1576708301

Loan Size:

$289,700

Jobs Retained:

16

Loan Approved:

2021-01-19

Loan Status:

Ongoing Loan

Lender:

Citizens Bank

A Team Heating & Cooling LLC in Salem, OR received a Paycheck Protection Loan of $289,700 through Citizens Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, A Team Heating & Cooling LLC's 2019 payroll expenses are estimated to be at least $1.39M.

Based on their reported 16 jobs retained, this equals an estimated average yearly compensation of $86,910 per employee1

Reported PPP Proceed Usage:

On the PPP application, A Team Heating & Cooling LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $289,700

Business Information - A Team Heating & Cooling LLC in Salem, OR

A Team Heating & Cooling LLC
2608 Cherry Ave Ne
Salem, OR 97301

Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Marion County, OR — SBA Office 1086 — Congressional District: OR-05

Similar Companies near Salem

In the Salem area, 27 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 16) and received an average PPP loan of $404,010 (compared to this company's $289,700).

Industry PPP Comparison Statistics

Nationwide, 92,266 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $12.59B 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, 31% lower than A Team Heating & Cooling LLC's reported 16 employees, and received an average PPP loan of $136,477, 53% lower than this company's loan of $289,700.

SBA PPP loan data, payroll data, and salaries for A Team Heating & Cooling LLC

FRANCHISE

OR

A Team Heating & Cooling LLC

Entity: Limited Liability Company (LLC)

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Franchise: Aire Serv

Location: Salem, OR

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. This business is a Aire Serv franchise.

$ PPP Loan Information
Loan #9821217105

Loan Size:

$289,700

Jobs Retained:

14

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Citizens Bank

A Team Heating & Cooling LLC in Salem, OR received a Paycheck Protection Loan of $289,700 through Citizens Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, A Team Heating & Cooling LLC's 2019 payroll expenses are estimated to be at least $1.39M.

Based on their reported 14 jobs retained, this equals an estimated average yearly compensation of $99,326 per employee1

Reported PPP Proceed Usage:

On the PPP application, A Team Heating & Cooling LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $289,700

Business Information - A Team Heating & Cooling LLC in Salem, OR

A Team Heating & Cooling LLC
2608 Cherry Ave
Salem, OR 97301

Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Marion County, OR — SBA Office 1086 — Congressional District: OR-05

Similar Companies near Salem

In the Salem area, 27 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 14) and received an average PPP loan of $404,010 (compared to this company's $289,700).

Industry PPP Comparison Statistics

Nationwide, 92,266 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $12.59B 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 $136,477, 53% 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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/a-team-heating-cooling-llc-salem-or