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PPP Loan Data — Air Control Systems, Inc., Ontario, CA

SBA PPP loan data, payroll data, and salaries for Air Control Systems, Inc.
CA

Air Control Systems, Inc.

Entity: Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Ontario, CA

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Air Control Systems, Inc. is a corporation located at 1940 Grove Ave in Ontario, California that received a Coronavirus-related PPP loan from the SBA of $2,575,750.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.58M

Jobs Retained:

161

Loan Approved:

2020-04-28

Lender:

PACIFIC WESTERN BANK

Air Control Systems, Inc. in Ontario, CA received a Paycheck Protection Loan of $2.58M through PACIFIC WESTERN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Air Control Systems, Inc.'s total 2019 payroll expenses were approximately $12.36M in order to qualify for the PPP loan amount received.

Based on their reported 161 jobs retained, this equals an estimated average yearly compensation of $76,793 per employee1.

Because the loan received by Air Control Systems, 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 - Air Control Systems, Inc. in Ontario, CA

Air Control Systems, Inc.
1940 Grove Ave
Ontario, CA 91761

Business Industry

Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: NON-VETERAN

Congressional District: CA-35

Similar Companies near Ontario

In the Ontario area, 14 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 161) and received an average PPP loan of $558,719 (compared to this company's $2.58M).

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, 93% lower than Air Control Systems, Inc.'s reported 161 employees, and received an average PPP loan of $154,981, 94% lower than this company's loan of $2.58M.

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.

Search FederalPay's Full PPP Loan Database

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/air-control-systems-inc-ontario-ca