PPP Loan Data — Allied Mechanical Services, Inc., Kalamazoo, MI
Allied Mechanical Services, Inc.
Entity: Subchapter S Corporation
Location: Kalamazoo, MITweet This • Search All PPP Data
Allied Mechanical Services, Inc. is a subchapter s corporation located at 5688 Ml Ave in Kalamazoo, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,122,200.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST NATIONAL BANK OF MICHIGAN
Allied Mechanical Services, Inc. received a Paycheck Protection Loan of $3.12M through FIRST NATIONAL BANK OF MICHIGAN, which was approved in April, 2020.
Based on standard PPP eligibility rules, Allied Mechanical Services, Inc.'s total 2019 payroll expenses were approximately $14.99M in order to qualify for the PPP loan amount received.
Based on their reported 188 jobs retained, this equals an estimated average yearly compensation of $79,716 per employee1.
Business Information - Allied Mechanical Services, Inc. in Kalamazoo, MI
5688 Ml Ave
Kalamazoo, MI 49048
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-06
Similar Companies near Kalamazoo
In the Kalamazoo area, 12 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 188) and received an average PPP loan of $714,919 (compared to this company's $3.12M).
Similar Nearby Businesses Who Received PPP Funding:
Norris Services LLC
R. W. Lapine, Inc.
Dowagiac Heating 6; Air Conditioning, LLC
Helmus Plumbing Services Inc
JP Heating & Air Conditioning Inc.
Patterson Plumbing Services, Inc.
Engineering Plus, Inc.
Kalamazoo 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, 94% lower than Allied Mechanical Services, Inc.'s reported 188 employees, and received an average PPP loan of $154,981, 95% lower than this company's loan of $3.12M.
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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