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PPP Loan Data — J-Berd Mechanical Contractors, Sauk Rapids, MN

SBA PPP loan data, payroll data, and salaries for J-Berd Mechanical Contractors
MN

J-Berd Mechanical Contractors

Entity: Corporation

Industry: Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers

Location: Sauk Rapids, MN

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J-Berd Mechanical Contractors is a corporation located at 1 Industrial Blvd in Sauk Rapids, Minnesota that received a Coronavirus-related PPP loan from the SBA of $5,496,606.00 in April, 2020.

The company has reported itself as a White male owned business, and employed at least 372 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.5M

Jobs Retained:

372

Loan Approved:

2020-04-08

Lender:

WEST BANK

J-Berd Mechanical Contractors in Sauk Rapids, MN received a Paycheck Protection Loan of $5.5M through WEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, J-Berd Mechanical Contractors' total 2019 payroll expenses were approximately $26.38M in order to qualify for the PPP loan amount received.

Based on their reported 372 jobs retained, this equals an estimated average yearly compensation of $70,924 per employee1.

Because the loan received by J-Berd Mechanical Contractors is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - J-Berd Mechanical Contractors in Sauk Rapids, MN

J-Berd Mechanical Contractors
1 Industrial Blvd
Sauk Rapids, MN 56379

Business Industry

Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (NAICS code 423720)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MN-06

Similar Companies near Sauk Rapids

In the Sauk Rapids area, 2 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 190 employees (compared to this company's 372) and received an average PPP loan of $2,788,303 (compared to this company's $5.5M).

Industry PPP Comparison Statistics

Nationwide, 2,431 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $601,862,879.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 16 employees, 96% lower than J-Berd Mechanical Contractors' reported 372 employees, and received an average PPP loan of $247,578, 95% lower than this company's loan of $5.5M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/j-berd-mechanical-contractors-sauk-rapids-mn