PPP Loan Data — General Sheet Metal, Clackamas, OR
General Sheet Metal
Location: Clackamas, ORTweet This • Search All PPP Data
General Sheet Metal is a corporation located at 16345 Se Evelyn St in Clackamas, Oregon that received a Coronavirus-related PPP loan from the SBA of $5,255,300.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 159 people during the applicable loan loan period.
$ PPP Loan Information
Lender:ZIONS BANK, A DIVISION OF
General Sheet Metal in Clackamas, OR received a Paycheck Protection Loan of $5.26M through ZIONS BANK, A DIVISION OF, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 159 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 252.
Based on standard PPP eligibility rules, General Sheet Metal's total 2019 payroll expenses were approximately $25.23M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 159 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - General Sheet Metal in Clackamas, OR
16345 Se Evelyn St
Clackamas, OR 97015
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: OR-05
Similar Companies near Clackamas
In the Clackamas area, 13 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 22 employees (compared to this company's 159) and received an average PPP loan of $632,896 (compared to this company's $5.26M).
Similar Nearby Businesses Who Received PPP Funding:
Petra Heating And Air Conditioning Inc
Comfort Solutions Heating & Cooling, Inc.
Year Round Comfort, Inc.
Happy's Plumbing, Inc.
A-Temp Heating & Cooling, Inc
Accutech Refrigeration Contractors LLC
Milwaukie Heating And Cooling Co.
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, 93% lower than General Sheet Metal's reported 159 employees, and received an average PPP loan of $154,981, 97% lower than this company's loan of $5.26M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!