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PPP Loan Data — Allied Mechanical Services Inc,
Kalamazoo, MI
Allied Mechanical Services Inc
Entity: Subchapter S Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Kalamazoo, MI
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Allied Mechanical Services Inc is a subchapter s corporation located at 5688 E Ml Ave in Kalamazoo, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
$
PPP Loan Information
Loan #6739688306
Loan Size:
Jobs Retained:
212Loan Approved:
2021-01-27Loan Status:
Ongoing LoanLender:
First National Bank of MichiganAllied Mechanical Services Inc in Kalamazoo, MI received a Paycheck Protection Loan of $2M through First National Bank of Michigan, which was approved in January, 2021.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Allied Mechanical Services Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 212 jobs retained, this equals an estimated average yearly compensation of $45,283 per employee1
Reported PPP Proceed Usage:
On the PPP application, Allied Mechanical Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Allied Mechanical Services Inc in Kalamazoo, MI
5688 E Ml Ave
Kalamazoo, MI 49048
Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Allied Mechanical Services Inc.
Engineering Plus Inc
Engineering Services
Controlnet LLC
Plumbing, Heating, and Air-Conditioning Contractors
Similar Companies near Kalamazoo
In the Kalamazoo area, 18 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 212) and received an average PPP loan of $643,062 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Norris Services LLC
Kalamazoo, MI
Dowagiac Heating & Air Conditioning, LLC
Dowagiac, MI
Helmus Plumbing Services Inc
Kalamazoo, MI
Kalamazoo Mechanical, Inc
Kalamazoo, MI
Controlnet, LLC
Kalamazoo, MI
Engineering Plus, Inc
Kalamazoo, MI
Charles W Herring
Kalamazoo, MI
Patterson Plumbing Services, Inc
Kalamazoo, MI
Industry PPP Comparison Statistics
Nationwide, 103,883 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 95% lower than Allied Mechanical Services Inc's reported 212 employees, and received an average PPP loan of $125,397, 94% lower than this company's loan of $2M.
Allied Mechanical Services, Inc
Entity: Subchapter S Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Kalamazoo, MI
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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
Loan #4799037001
Loan Size:
Jobs Retained:
188Loan Approved:
2020-04-04Loan Status:
Paid in Full or ForgivenLender:
First National Bank of MichiganAllied Mechanical Services, Inc in Kalamazoo, MI received a Paycheck Protection Loan of $3.12M through First National Bank of Michigan, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Allied Mechanical Services, Inc's 2019 payroll expenses are estimated to be at least $14.99M.
Based on their reported 188 jobs retained, this equals an estimated average yearly compensation of $79,716 per employee1
Reported PPP Proceed Usage:
On the PPP application, Allied Mechanical Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,122,200
Business Information - Allied Mechanical Services, Inc in Kalamazoo, MI
5688 Ml Ave
Kalamazoo, MI 49048
Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Allied Mechanical Services, Inc.
Engineering Plus, Inc
Plumbing, Heating, and Air-Conditioning Contractors
Similar Companies near Kalamazoo
In the Kalamazoo area, 18 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 46 employees (compared to this company's 188) and received an average PPP loan of $643,062 (compared to this company's $3.12M).
Similar Nearby Businesses Who Received PPP Funding:
Norris Services LLC
Kalamazoo, MI
Dowagiac Heating & Air Conditioning, LLC
Dowagiac, MI
Helmus Plumbing Services Inc
Kalamazoo, MI
Kalamazoo Mechanical, Inc
Kalamazoo, MI
Controlnet, LLC
Kalamazoo, MI
Engineering Plus, Inc
Kalamazoo, MI
Charles W Herring
Kalamazoo, MI
Patterson Plumbing Services, Inc
Kalamazoo, MI
Industry PPP Comparison Statistics
Nationwide, 103,883 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 10 employees, 95% lower than Allied Mechanical Services, Inc's reported 188 employees, and received an average PPP loan of $125,397, 96% 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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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