PPP Loan Data — Air Control Systems, Inc., Ontario, CA
Air Control Systems, Inc.
Location: Ontario, CATweet This • Search All PPP Data
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
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.
Business Information - Air Control Systems, Inc. in Ontario, CA
1940 Grove Ave
Ontario, CA 91761
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Airite Heating And Air Conditioning, Inc.
KPS Fire Sprinklers, Inc.
Workman Services, Inc.
Ontario Refrigeration Service Inc.
Technicool Refrigeration & Air Condition
Empire Plumbing Inc.
Magnison And Moen, Inc.
Fairchild Plumbing 6; Mechanical, 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, 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.
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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