PPP Loan Data — Gilmer Heating & Air LLC, Rockmart, GA
Gilmer Heating & Air LLC
Entity: Limited Liability Company (LLC)
Location: Rockmart, GATweet This • Search All PPP Data
Gilmer Heating & Air LLC is a limited liability company (LLC) located at 391 White River Rd in Rockmart, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,432.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Coosa Valley CU
Gilmer Heating & Air LLC in Rockmart, GA received a Paycheck Protection Loan of $25,432 through Coosa Valley CU, which was approved in January, 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, Gilmer Heating & Air LLC's 2019 payroll expenses are estimated to be at least $122,074.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,691 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gilmer Heating & Air LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,432
Business Information - Gilmer Heating & Air LLC in Rockmart, GA
391 White River Rd
Rockmart, GA 30153
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 Rockmart
In the Rockmart area, 14 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $54,562 (compared to this company's $25,432).
Similar Nearby Businesses Who Received PPP Funding:
EDS Contracting Inc
Barnette Heat And Air, Inc
Westside Finest Of Plumbing
Vaughn 1 Plumbing Services Inc
Total Comfort Solutions LLC
Home Comfort Heating And Air Conditioning Inc
Hill Mechanical Of GA, LLC
Marcia T Hubbe Teruel
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 Gilmer Heating & Air LLC's reported 3 employees, and received an average PPP loan of $123,520, 386% higher than this company's loan of $25,432.
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