PPP Loan Data — James B. Donaghey, Inc, Mobile, AL
James B. Donaghey, Inc
Entity: Subchapter S Corporation
Location: Mobile, ALTweet This • Search All PPP Data
James B. Donaghey, Inc is a subchapter s corporation located at 1770 Old Shell Rd. in Mobile, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,232,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Hancock Whitney Bank
James B. Donaghey, Inc in Mobile, AL received a Paycheck Protection Loan of $2.23M through Hancock Whitney 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, James B. Donaghey, Inc's 2019 payroll expenses are estimated to be at least $10.72M.
Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $79,963 per employee1
Reported PPP Proceed Usage:
On the PPP application, James B. Donaghey, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,232,300
Business Information - James B. Donaghey, Inc in Mobile, AL
1770 Old Shell Rd.
Mobile, AL 36604
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Mobile
In the Mobile area, 9 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 134) and received an average PPP loan of $260,956 (compared to this company's $2.23M).
Similar Nearby Businesses Who Received PPP Funding:
Carter's Contracting LLC
Joseph Guthas DBA None
Veteran Air LLC
M Manley 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, 93% lower than James B. Donaghey, Inc's reported 134 employees, and received an average PPP loan of $123,520, 94% lower than this company's loan of $2.23M.
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Footnotes & Information
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