PPP Loan Data — H. E. Neumann Company, Triadelphia, WV
H. E. Neumann Company
Entity: Subchapter S Corporation
Location: Triadelphia, WVTweet This • Search All PPP Data
H. E. Neumann Company is a subchapter s corporation located at 100 Middle Creek Road in Triadelphia, West Virginia that received a Coronavirus-related PPP loan from the SBA of $2,097,449.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 128 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:WesBanco Bank, Inc.
H. E. Neumann Company in Triadelphia, WV received a Paycheck Protection Loan of $2.1M through WesBanco Bank, Inc., which was approved in April, 2020.
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, H. E. Neumann Company's 2019 payroll expenses are estimated to be at least $10.07M.
Based on their reported 128 jobs retained, this equals an estimated average yearly compensation of $78,654 per employee1
Reported PPP Proceed Usage:
On the PPP application, H. E. Neumann Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,097,449
Business Information - H. E. Neumann Company in Triadelphia, WV
100 Middle Creek Road
Triadelphia, WV 26059
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Triadelphia
In the Triadelphia area, 2 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 128) and received an average PPP loan of $1,078,675 (compared to this company's $2.1M).
Similar Nearby Businesses Who Received PPP Funding:
All Brand Wv 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, 92% lower than H. E. Neumann Company's reported 128 employees, and received an average PPP loan of $123,520, 94% lower than this company's loan of $2.1M.
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