PPP Loan Data — Climatech Heating And Air Conditioning, LLC, Grove, OK
Climatech Heating And Air Conditioning, LLC
Entity: Limited Liability Company (LLC)
Location: Grove, OKTweet This • Search All PPP Data
Climatech Heating And Air Conditioning, LLC is a limited liability company (LLC) located at 911 S Main St in Grove, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Grand Savings Bank
Climatech Heating And Air Conditioning, LLC in Grove, OK received a Paycheck Protection Loan of $25,000 through Grand Savings Bank, 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
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, Climatech Heating And Air Conditioning, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Climatech Heating And Air Conditioning, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Climatech Heating And Air Conditioning, LLC in Grove, OK
911 S Main St
Grove, OK 74344
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Grove
In the Grove area, 10 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $45,623 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Jeff M Brodrick
Tim Cartwirght Heating And Air
Empire Plumbing, Inc
Alfaros Just In Time Plumbing
Whiz Plumbing, LLC
B&B Heating & Air Conditioning, Inc
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, 100% higher than Climatech Heating And Air Conditioning, LLC's reported 5 employees, and received an average PPP loan of $123,520, 394% higher than this company's loan of $25,000.
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