PPP Loan Data — Crawford Heating & Cooling Co., Rock Island, IL
Crawford Heating & Cooling Co.
Location: Rock Island, ILTweet This • Search All PPP Data
Crawford Heating & Cooling Co. is a corporation located at 1306 Mill St in Rock Island, Illinois that received a Coronavirus-related PPP loan from the SBA of $4,003,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 203 people during the applicable loan loan period.
$ PPP Loan Information
Lender:NORTHWEST BANK & TRUST COMPANY
Crawford Heating & Cooling Co. in Rock Island, IL received a Paycheck Protection Loan of $4M through NORTHWEST BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Crawford Heating & Cooling Co.'s total 2019 payroll expenses were approximately $19.22M in order to qualify for the PPP loan amount received.
Based on their reported 203 jobs retained, this equals an estimated average yearly compensation of $94,671 per employee1.
Business Information - Crawford Heating & Cooling Co. in Rock Island, IL
1306 Mill St
Rock Island, IL 61201
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IL-17
Similar Companies near Rock Island
In the Rock Island area, 2 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 108 employees (compared to this company's 203) and received an average PPP loan of $2,072,400 (compared to this company's $4M).
Similar Nearby Businesses Who Received PPP Funding:
Watson Plumbing Mechanical
Rock Island, IL
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, 95% lower than Crawford Heating & Cooling Co.'s reported 203 employees, and received an average PPP loan of $154,981, 96% lower than this company's loan of $4M.
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, 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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