PPP Loan Data — Edwards Brothers Plumbing LLC, Lebanon, TN
Edwards Brothers Plumbing LLC
Entity: Limited Liability Company (LLC)
Location: Lebanon, TNTweet This • Search All PPP Data
Edwards Brothers Plumbing LLC is a limited liability company (LLC) located at 2384 Coles Ferry Pike in Lebanon, Tennessee that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wilson Bank & Trust
Edwards Brothers Plumbing LLC in Lebanon, TN received a Paycheck Protection Loan of $25,200 through Wilson Bank & Trust, 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 May, 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, Edwards Brothers Plumbing LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Edwards Brothers Plumbing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Edwards Brothers Plumbing LLC in Lebanon, TN
2384 Coles Ferry Pike
Lebanon, TN 37087
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: Rural
Similar Companies near Lebanon
In the Lebanon area, 24 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 3) and received an average PPP loan of $80,333 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Nashville HVAC Group
Steve Mull Plumbing, LLC
R L Adams Inc Plumbing Contractor
L B Auto
La Vergne, TN
Capitol Insulation LLC
Bradley Heating And Air
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 Edwards Brothers Plumbing LLC's reported 3 employees, and received an average PPP loan of $123,520, 390% higher than this company's loan of $25,200.
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