PPP Loan Data — Hale County Quality Air Service Center, LLC, Plainview, TX
Hale County Quality Air Service Center, LLC
Entity: Limited Liability Company (LLC)
Location: Plainview, TXTweet This • Search All PPP Data
Hale County Quality Air Service Center, LLC is a limited liability company (LLC) located at 124 Se 9th St in Plainview, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Hale County Quality Air Service Center, LLC in Plainview, TX received a Paycheck Protection Loan of $25,000 through Quontic Bank, 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, Hale County Quality Air Service Center, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hale County Quality Air Service Center, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Hale County Quality Air Service Center, LLC in Plainview, TX
124 Se 9th St
Plainview, TX 79072
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Plainview
In the Plainview area, 9 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $28,068 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Bennett Heating & Air LLC
Chilton Mechanical Inc
Jasperwood, Inc. DBA Jasperwood Fire Extinguishers
Roberts & Son Plumbing 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, 150% higher than Hale County Quality Air Service Center, LLC's reported 4 employees, and received an average PPP loan of $123,520, 394% higher than this company's loan of $25,000.
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