PPP Loan Data — Contractor's Plumbing, LLC, Fairfax, VA
Contractor's Plumbing, LLC
Entity: Limited Liability Company (LLC)
Location: Fairfax, VATweet This • Search All PPP Data
Contractor's Plumbing, LLC is a limited liability company (LLC) located at 5220 Gunpowder Rd in Fairfax, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,096.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Contractor's Plumbing, LLC in Fairfax, VA received a Paycheck Protection Loan of $25,096 through Bank of America, National Association, 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 April, 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, Contractor's Plumbing, LLC's 2019 payroll expenses are estimated to be at least $120,461.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,154 per employee1
Reported PPP Proceed Usage:
On the PPP application, Contractor's Plumbing, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,096
Business Information - Contractor's Plumbing, LLC in Fairfax, VA
5220 Gunpowder Rd
Fairfax, VA 22030
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Fairfax
In the Fairfax area, 24 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 3) and received an average PPP loan of $208,600 (compared to this company's $25,096).
Similar Nearby Businesses Who Received PPP Funding:
Hicks Plubing Services LLC
Sun Services LLC
Rubio Mechanical Inc
Precision Air Inc
Ferlo's Plumbing Inc
Battlefield Plumbing, Inc
Tristar Mechanical, 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, 233% higher than Contractor's Plumbing, LLC's reported 3 employees, and received an average PPP loan of $123,520, 392% higher than this company's loan of $25,096.
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