PPP Loan Data — Carl Krasavage Plumbing, Swoyersville, PA
Carl Krasavage Plumbing
Entity: Sole Proprietorship
Location: Swoyersville, PATweet This • Search All PPP Data
Carl Krasavage Plumbing is a sole proprietorship located at R 477 Church Street in Swoyersville, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Carl Krasavage Plumbing in Swoyersville, PA received a Paycheck Protection Loan of $46,800 through Manufacturers and Traders Trust Company, 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 March, 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 More
Understanding 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 More
Based 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, Carl Krasavage Plumbing's 2019 payroll expenses are estimated to be at least $224,640.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $20,422 per employee1
Reported PPP Proceed Usage:
On the PPP application, Carl Krasavage Plumbing reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,432
- Utilities: $252
- Health Care: $9,116
Business Information - Carl Krasavage Plumbing in Swoyersville, PA
R 477 Church Street
Swoyersville, PA 18704
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Swoyersville
In the Swoyersville area, 10 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 11) and received an average PPP loan of $113,871 (compared to this company's $46,800).
Similar Nearby Businesses Who Received PPP Funding:
Climatemp Air Conditioning Co Inc
Forty Fort, PA
Wilkes Barre, PA
G Ritsick & Sons Inc
Climatemp AC Company Inc
Forty Fort, PA
Ken Rex Plumbing-Heating-Cooling
CKR Mechanical LLC
Applied Mechanical Systems Inc
Wilkes Barre, PA
Industry PPP Comparison Statistics
Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B 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, 9% lower than Carl Krasavage Plumbing's reported 11 employees, and received an average PPP loan of $123,520, 164% higher than this company's loan of $46,800.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!