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PPP Loan Data — BCM Plumbing And Heating, Canton, MA

SBA PPP loan data, payroll data, and salaries for BCM Plumbing And Heating
MA

BCM Plumbing And Heating

Entity: Sole Proprietorship

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Canton, MA

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BCM Plumbing And Heating is a sole proprietorship located in Canton, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $3,638.00 in February, 2021.

The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #5443858403

Loan Size:

$3,638

Jobs Retained:

1

Loan Approved:

2021-02-08

Loan Status:

Active Un-Disbursed

Lender:

Itria Ventures LLC
PPP Funds Undisbursed

BCM Plumbing And Heating in Canton, MA received a Paycheck Protection Loan of $3,638 through Itria Ventures LLC, which was approved in February, 2021.

While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $3,638 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in February, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, BCM Plumbing And Heating reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,638

Business Information - BCM Plumbing And Heating in Canton, MA

BCM Plumbing And Heating
Canton, MA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Norfolk County, MA — SBA Office 0101 — Congressional District: MA-08

Similar Companies near Canton

In the Canton area, 18 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 1) and received an average PPP loan of $405,930 (compared to this company's $3,638).

Industry PPP Comparison Statistics

Nationwide, 92,266 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $12.59B 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, 1000% higher than BCM Plumbing And Heating's reported 1 employees, and received an average PPP loan of $136,477, 3651% higher than this company's loan of $3,638.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/bcm-plumbing-and-heating-canton-ma