PPP Loan Data — Airco Mechanical, Inc., Sacramento, CA
Airco Mechanical, Inc. is a corporation located at 8210 Demetre Ave in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $3,169,400.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 195 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TRI COUNTIES BANK
Airco Mechanical, Inc. received a Paycheck Protection Loan of $3.17M through TRI COUNTIES BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Airco Mechanical, Inc.'s total 2019 payroll expenses were approximately $15.21M in order to qualify for the PPP loan amount received.
Based on their reported 195 jobs retained, this equals an estimated average yearly compensation of $78,016 per employee1.
Business Information - Airco Mechanical, Inc. in Sacramento, CA
8210 Demetre Ave
Sacramento, CA 95828
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional District: CA-06
Similar Companies near Sacramento
In the Sacramento area, 19 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 195) and received an average PPP loan of $528,698 (compared to this company's $3.17M).
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Industry PPP Comparison Statistics
Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 95% lower than Airco Mechanical, Inc.'s reported 195 employees, and received an average PPP loan of $113,959, 96% lower than this company's loan of $3.17M.
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.
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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