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PPP Loan Data — J-Berd Mechanical Contractors,
Sauk Rapids, 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:
Jobs Retained:
372Loan Approved:
2020-04-08Lender:
WEST BANKJ-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.
Business Information - J-Berd Mechanical Contractors in Sauk Rapids, MN
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-06Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
Central Heating & Air Conditioning Service, Inc.
Sauk Centre, MN
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.
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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