FederalPay.org
PPP Loan Data — Epic Mechanical Contractors LLC,
Commack, NY
Epic Mechanical Contractors LLC
Entity: Limited Liability Company (LLC)
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Commack, NY
Tweet This
•
Search All PPP Data
Epic Mechanical Contractors LLC is a limited liability company (LLC) located at 76 Mall Dr in Commack, New York that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #8436928602
Loan Size:
Jobs Retained:
176Loan Approved:
2021-03-24Loan Status:
Paid in Full or ForgivenLender:
Signature BankEpic Mechanical Contractors LLC in Commack, NY received a Paycheck Protection Loan of $2M through Signature Bank, which was approved in March, 2021.
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 February, 2022.
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 MoreUnderstanding 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 MoreBased 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, Epic Mechanical Contractors LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $54,545 per employee1
Reported PPP Proceed Usage:
On the PPP application, Epic Mechanical Contractors LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,998
- Utilities: $1
Business Information - Epic Mechanical Contractors LLC in Commack, NY
76 Mall Dr
Commack, NY 11725
Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Epic Mechanical Contractors LLC.
4 Star Insulation Inc
Plumbing, Heating, and Air-Conditioning Contractors
Belco Industries LLC
Plumbing, Heating, and Air-Conditioning Contractors
Similar Companies near Commack
In the Commack area, 22 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 176) and received an average PPP loan of $185,640 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Victor's Plumbing, LLC
Commack, NY
Allied Allcity Inc
Copiague, NY
ZBF Geothermal LLC
Commack, NY
Schoenwaelder Plumbing And Hea
Copiague, NY
Herman Gerdes, Inc
Copiague, NY
Cool-Temp Mechanical Corp
Commack, NY
Asco Mechanical & Plumbing Inc
Copiague, NY
American Metal Inc
Copiague, NY
Matty's Heating And Air Conditioning Inc
Commack, NY
Industry PPP Comparison Statistics
Nationwide, 103,846 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B 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, 94% lower than Epic Mechanical Contractors LLC's reported 176 employees, and received an average PPP loan of $125,450, 94% lower than this company's loan of $2M.
Epic Mechanical Contractors LLC
Entity: Limited Liability Company (LLC)
Industry: Electrical Contractors and Other Wiring Installation Contractors
Location: Commack, NY
Tweet This
•
Search All PPP Data
Epic Mechanical Contractors LLC is a limited liability company (LLC) located at 76 Mall Dr in Commack, New York that received a Coronavirus-related PPP loan from the SBA of $3,491,950.00 in April, 2020.
$
PPP Loan Information
Loan #7759307205
Loan Size:
Jobs Retained:
176Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Signature BankEpic Mechanical Contractors LLC in Commack, NY received a Paycheck Protection Loan of $3.49M through Signature Bank, 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 September, 2021.
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 MoreUnderstanding 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 MoreBased 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, Epic Mechanical Contractors LLC's 2019 payroll expenses are estimated to be at least $16.76M.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $95,235 per employee1
Reported PPP Proceed Usage:
On the PPP application, Epic Mechanical Contractors LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,491,950
Business Information - Epic Mechanical Contractors LLC in Commack, NY
76 Mall Dr
Commack, NY 11725
Business Industry:
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Epic Mechanical Contractors LLC.
4 Star Insulation Inc
Plumbing, Heating, and Air-Conditioning Contractors
Belco Industries LLC
Plumbing, Heating, and Air-Conditioning Contractors
Similar Companies near Commack
In the Commack area, 13 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 176) and received an average PPP loan of $490,066 (compared to this company's $3.49M).
Similar Nearby Businesses Who Received PPP Funding:
Hunter Electrical Services-Sba Small 7A Term
Commack, NY
Cardinale Industries Inc
Commack, NY
North Shore Electricial LLC
Commack, NY
L.e.b. Electric, LTD
Copiague, NY
Jordan Gilbert
Commack, NY
Cardinale Industries
Commack, NY
J.p. Daly & Sons, Inc
Deer Park, NY
ACR Electric, Corp
Commack, NY
Industry PPP Comparison Statistics
Nationwide, 81,487 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.75B 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 11 employees, 94% lower than Epic Mechanical Contractors LLC's reported 176 employees, and received an average PPP loan of $144,186, 96% lower than this company's loan of $3.49M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!