PPP Loan Data — Holbrook Heating Inc, Jamesville, NY
Holbrook Heating Inc
Entity: Subchapter S Corporation
Location: Jamesville, NYTweet This • Search All PPP Data
Holbrook Heating Inc is a subchapter s corporation located at 3140 Sweet Road in Jamesville, New York that received a Coronavirus-related PPP loan from the SBA of $1,649,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:KeyBank National Association
Holbrook Heating Inc in Jamesville, NY received a Paycheck Protection Loan of $1.65M through KeyBank National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 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, Holbrook Heating Inc's 2019 payroll expenses are estimated to be at least $7.92M.
Based on their reported 391 jobs retained, this equals an estimated average yearly compensation of $20,252 per employee1
Reported PPP Proceed Usage:
On the PPP application, Holbrook Heating Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,649,700
Business Information - Holbrook Heating Inc in Jamesville, NY
3140 Sweet Road
Jamesville, NY 13078
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jamesville
In the Jamesville area, 6 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 391) and received an average PPP loan of $294,775 (compared to this company's $1.65M).
Similar Nearby Businesses Who Received PPP Funding:
JCB Plumbing & Mechanical Inc
Reagan-Riter Boiler Works, Inc
Cross Brothers Plumbing, Inc
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, 97% lower than Holbrook Heating Inc's reported 391 employees, and received an average PPP loan of $123,520, 93% lower than this company's loan of $1.65M.
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Footnotes & Information
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