PPP Loan Data — Four Seasons Heating And Air Conditioning Inc, Bedford Park, IL
Four Seasons Heating And Air Conditioning Inc
Entity: Subchapter S Corporation
Location: Bedford Park, ILTweet This • Search All PPP Data
Four Seasons Heating And Air Conditioning Inc is a subchapter s corporation located at 5701 W 73rd St in Bedford Park, Illinois that received a Coronavirus-related PPP loan from the SBA of $5,839,510.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST MIDWEST BANK
Four Seasons Heating And Air Conditioning Inc in Bedford Park, IL received a Paycheck Protection Loan of $5.84M through FIRST MIDWEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Four Seasons Heating And Air Conditioning Inc's total 2019 payroll expenses were approximately $28.03M in order to qualify for the PPP loan amount received.
Based on their reported 395 jobs retained, this equals an estimated average yearly compensation of $70,961 per employee1.
Business Information - Four Seasons Heating And Air Conditioning Inc in Bedford Park, IL
5701 W 73rd St
Bedford Park, IL 60638
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: NON-VETERANCongressional District: IL-03
Similar Companies near Bedford Park
In the Bedford Park area, 12 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 395) and received an average PPP loan of $1,193,020 (compared to this company's $5.84M).
Similar Nearby Businesses Who Received PPP Funding:
Dantes Peak Heating Cooling
JAY's HVAC Combustion Specialist LLC
Apex Plumbing & Sewer, Inc.
Ochoa Mechanical Group, LLC
Gregory M. Corrie
Montiel Heating And AC, Inc
Great Lakes Plumbing & Heating Company
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, 97% lower than Four Seasons Heating And Air Conditioning Inc's reported 395 employees, and received an average PPP loan of $154,981, 97% lower than this company's loan of $5.84M.
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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