PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Consolidated Engineering Company Inc, Kennesaw, GA

ALERT: There are 2 PPP loans for a total of $1.95M in our database for businesses with the name "Consolidated Engineering Company Inc" in Kennesaw, GA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Consolidated Engineering Company Inc
GA

Consolidated Engineering Company Inc

Entity: Corporation

Industry: Heating Equipment (except Warm Air Furnaces) Manufacturing

Location: Kennesaw, GA

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Consolidated Engineering Company Inc is a corporation located at 1971 Mccollum Pkwy Nw in Kennesaw, Georgia that received a Coronavirus-related PPP loan from the SBA of $973,010.00 in January, 2021.

$ PPP Loan Information Loan #7672088302

Loan Size:

$973,010

Jobs Retained:

55

Loan Approved:

2021-01-28

Loan Status:

Ongoing Loan

Lender:

Fifth Third Bank

Consolidated Engineering Company Inc in Kennesaw, GA received a Paycheck Protection Loan of $973,010 through Fifth Third Bank, which was approved in January, 2021.

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

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, Consolidated Engineering Company Inc's 2019 payroll expenses are estimated to be at least $4.67M.

Based on their reported 55 jobs retained, this equals an estimated average yearly compensation of $84,917 per employee1

Reported PPP Proceed Usage:

On the PPP application, Consolidated Engineering Company Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $973,008
  • Utilities: $1

Business Information - Consolidated Engineering Company Inc in Kennesaw, GA

Consolidated Engineering Company Inc
1971 Mccollum Pkwy Nw
Kennesaw, GA 30144

Business Industry:
Heating Equipment (except Warm Air Furnaces) Manufacturing
NAICS code 333414

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cobb County, GA — SBA Office 0405 — Congressional District: GA-11

Similar Companies near Kennesaw

In the Kennesaw area, 2 businesses in the "Heating Equipment (except Warm Air Furnaces) Manufacturing" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 55) and received an average PPP loan of $571,820 (compared to this company's $973,010).

Similar Nearby Businesses Who Received PPP Funding:

Emberside Heating
Kennesaw, GA

$170,630 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 492 businesses in the "Heating Equipment (except Warm Air Furnaces) Manufacturing" industry received a total of $131,016,474.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 22 employees, 60% lower than Consolidated Engineering Company Inc's reported 55 employees, and received an average PPP loan of $266,294, 73% lower than this company's loan of $973,010.

SBA PPP loan data, payroll data, and salaries for Consolidated Engineering Company, Inc
GA

Consolidated Engineering Company, Inc

Entity: Corporation

Industry: Industrial Process Furnace and Oven Manufacturing

Location: Kennesaw, GA

Search All PPP Data

Consolidated Engineering Company, Inc is a corporation located at 1971 Mccollum Pkwy, N.w. in Kennesaw, Georgia that received a Coronavirus-related PPP loan from the SBA of $973,000.00 in April, 2020.

$ PPP Loan Information Loan #8736687107

Loan Size:

$973,000

Jobs Retained:

62

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Fifth Third Bank

Consolidated Engineering Company, Inc in Kennesaw, GA received a Paycheck Protection Loan of $973,000 through Fifth Third Bank, 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

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, Consolidated Engineering Company, Inc's 2019 payroll expenses are estimated to be at least $4.67M.

Based on their reported 62 jobs retained, this equals an estimated average yearly compensation of $75,329 per employee1

Reported PPP Proceed Usage:

On the PPP application, Consolidated Engineering Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $973,000

Business Information - Consolidated Engineering Company, Inc in Kennesaw, GA

Consolidated Engineering Company, Inc
1971 Mccollum Pkwy, N.w.
Kennesaw, GA 30144

Business Industry:
Industrial Process Furnace and Oven Manufacturing
NAICS code 333994

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cobb County, GA — SBA Office 0405 — Congressional District: GA-11

Industry PPP Comparison Statistics

Nationwide, 277 businesses in the "Industrial Process Furnace and Oven Manufacturing" industry received a total of $93,102,428.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 24 employees, 61% lower than Consolidated Engineering Company, Inc's reported 62 employees, and received an average PPP loan of $336,110, 65% lower than this company's loan of $973,000.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/consolidated-engineering-company-inc-kennesaw-ga