PPP Loan Data — Central Carolina Air Conditioning Co LLC, Greensboro, NC
Central Carolina Air Conditioning Co LLC is a limited liability company (LLC) located at 1800-a Fairfax Rd in Greensboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,046,400.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First National Bank of Pennsylvania
Central Carolina Air Conditioning Co LLC in Greensboro, NC received a Paycheck Protection Loan of $2.05M through First National Bank of Pennsylvania, which was approved in April, 2020.
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
Understanding Payroll Estimates Based On PPP Amount
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, Central Carolina Air Conditioning Co LLC's 2019 payroll expenses are estimated to be at least $9.82M.
Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $62,966 per employee1
Reported PPP Proceed Usage:
On the PPP application, Central Carolina Air Conditioning Co LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,046,400
Business Information - Central Carolina Air Conditioning Co LLC in Greensboro, NC
1800-a Fairfax Rd
Greensboro, NC 27407
All Other Business Support Services
NAICS code 561499
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greensboro
In the Greensboro area, 75 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 156) and received an average PPP loan of $72,089 (compared to this company's $2.05M).
Similar Nearby Businesses Who Received PPP Funding:
Rodger W Kleisch DBA Forest Oaks Animal Hospital
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Mimi Perper DBA Figaro Salon
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Aquasoft System Solutions LLC
Industry PPP Comparison Statistics
Nationwide, 53,190 businesses in the "All Other Business Support Services" industry received a total of $2.63B 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 6 employees, 96% lower than Central Carolina Air Conditioning Co LLC's reported 156 employees, and received an average PPP loan of $49,465, 98% lower than this company's loan of $2.05M.
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Footnotes & Information
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