PPP Loan Data — Charter Mechanical Contractors, Inc., Portland, OR
Charter Mechanical Contractors, Inc.
Entity: Subchapter S Corporation
Location: Portland, ORTweet This • Search All PPP Data
Charter Mechanical Contractors, Inc. is a subchapter s corporation located at 7940 Sw Hunziker Rd in Portland, Oregon that received a Coronavirus-related PPP loan from the SBA of $9,938,951.00 in April, 2020.
$ PPP Loan Information
Lender:COLUMBIA STATE BANK
Charter Mechanical Contractors, Inc. in Portland, OR received a Paycheck Protection Loan of $9.94M through COLUMBIA STATE BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 299 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 477.
Based on standard PPP eligibility rules, Charter Mechanical Contractors, Inc.'s total 2019 payroll expenses were approximately $47.71M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 299 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Charter Mechanical Contractors, Inc. in Portland, OR
7940 Sw Hunziker Rd
Portland, OR 97223
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OR-01
Similar Companies near Portland
In the Portland area, 23 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 299) and received an average PPP loan of $777,587 (compared to this company's $9.94M).
Similar Nearby Businesses Who Received PPP Funding:
Northwest Control Company
Andersen Mechanical, Inc
Efficiency Heating & Cooling LLC
247 Heating & Cooling LLC
Latimer HVAC LLC
American Contracting Engineering & Devel
Vane Axial Fans Mechanical Inc.
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, 96% lower than Charter Mechanical Contractors, Inc.'s reported 299 employees, and received an average PPP loan of $154,981, 98% lower than this company's loan of $9.94M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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