PPP Loan Data — Condustrial Inc, Greenville, SC
Location: Greenville, SCTweet This • Search All PPP Data
Condustrial Inc is a corporation located at 110 Williams St in Greenville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $4,613,077.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST RELIANCE BANK
Condustrial Inc received a Paycheck Protection Loan of $4.61M through FIRST RELIANCE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Condustrial Inc's total 2019 payroll expenses were approximately $22.14M in order to qualify for the PPP loan amount received.
Based on their reported 452 jobs retained, this equals an estimated average yearly compensation of $48,988 per employee1.
Business Information - Condustrial Inc in Greenville, SC
110 Williams St
Greenville, SC 29601
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: SC-04
Similar Companies near Greenville
In the Greenville area, 4 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 166 employees (compared to this company's 452) and received an average PPP loan of $1,852,984 (compared to this company's $4.61M).
Similar Nearby Businesses Who Received PPP Funding:
Summit Solar Solutions LLC
Commercial Air Condition Service Inc.
Southern Mep, 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, 98% lower than Condustrial Inc's reported 452 employees, and received an average PPP loan of $154,981, 97% lower than this company's loan of $4.61M.
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.
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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