PPP Loan Data — Burnsville Heating & Air Conditioning, Inc., Burnsville, MN
Burnsville Heating & Air Conditioning, Inc.
Entity: Subchapter S Corporation
Location: Burnsville, MNTweet This • Search All PPP Data
Burnsville Heating & Air Conditioning, Inc. is a subchapter s corporation located at 3451 West Burnsville Pkwy #120 in Burnsville, Minnesota that received a Coronavirus-related PPP loan from the SBA of $388,600.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 30 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE STATE BANK OF FARIBAULT
Burnsville Heating & Air Conditioning, Inc. received a Paycheck Protection Loan of $388,600 through THE STATE BANK OF FARIBAULT, which was approved in April, 2020.
Based on standard PPP eligibility rules, Burnsville Heating & Air Conditioning, Inc.'s total 2019 payroll expenses were approximately $1.87M in order to qualify for the PPP loan amount received.
Based on their reported 30 jobs retained, this equals an estimated average yearly compensation of $62,176 per employee1.
Business Information - Burnsville Heating & Air Conditioning, Inc. in Burnsville, MN
3451 West Burnsville Pkwy #120
Burnsville, MN 55337
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MN-02
Similar Companies near Burnsville
In the Burnsville area, 10 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 30) and received an average PPP loan of $582,269 (compared to this company's $388,600).
Similar Nearby Businesses Who Received PPP Funding:
Klamm Mechanical Contractors, Inc.
West Metro Mechanical Inc.
Green Isle, MN
Bob Boldt HVAC,LLC
Street Plumbing Inc
Nordic Services, Inc.
Genz-Ryan Plumbing And Heating
Archer Mechanical LLC
Angell Aire, Inc.
Walter Mechanical Incorporated
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, 63% lower than Burnsville Heating & Air Conditioning, Inc.'s reported 30 employees, and received an average PPP loan of $154,981, 60% lower than this company's loan of $388,600.
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. 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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