PPP Loan Data — Encore Mechanical, LLC, Tishomingo, OK
Encore Mechanical, LLC
Entity: Limited Liability Company (LLC)
Location: Tishomingo, OKTweet This • Search All PPP Data
Encore Mechanical, LLC is a limited liability company (LLC) located at 110 W Main St in Tishomingo, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First United Bank and Trust Company
Encore Mechanical, LLC in Tishomingo, OK received a Paycheck Protection Loan of $24,900 through First United Bank and Trust Company, 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, Encore Mechanical, LLC's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $9,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Encore Mechanical, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Encore Mechanical, LLC in Tishomingo, OK
110 W Main St
Tishomingo, OK 73460
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: Y
Rural / Urban: Rural
Similar Companies near Tishomingo
In the Tishomingo area, 2 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 12) and received an average PPP loan of $19,450 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Barnes Plumbing, LLC
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, 17% lower than Encore Mechanical, LLC's reported 12 employees, and received an average PPP loan of $123,520, 396% higher than this company's loan of $24,900.
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