PPP Loan Data — Airco Services Inc, Tulsa, OK
Airco Services Inc
Location: Tulsa, OKTweet This • Search All PPP Data
Airco Services Inc is a corporation located at 11331 E 58th St in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
$ PPP Loan Information
Lender:TRIAD BANK, NATIONAL ASSOCIATION
Airco Services Inc received a Paycheck Protection Loan of $2.5M through TRIAD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Airco Services Inc's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 242 jobs retained, this equals an estimated average yearly compensation of $49,587 per employee1.
Business Information - Airco Services Inc in Tulsa, OK
11331 E 58th St
Tulsa, OK 74146
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OK-01
Similar Companies near Tulsa
In the Tulsa area, 19 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 242) and received an average PPP loan of $361,590 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
Boone & Boone Sales Company, Inc.
Anderson Mechanical, Inc
York Plumbing Inc
Platinum Mechanical, LLC
Williams Plumbing & Drain Service, Inc.
Triad Service Company Mechanical Contractors Inc
Crowl Mechanical Inc
Infinity Plumbing Services, LLC
Air Design Comfort LLC
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, 95% lower than Airco Services Inc's reported 242 employees, and received an average PPP loan of $154,981, 94% lower than this company's loan of $2.5M.
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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