PPP Loan Data — James River Air Conditioning Company, Richmond, VA
James River Air Conditioning Company
Entity: Subchapter S Corporation
Location: Richmond, VATweet This • Search All PPP Data
James River Air Conditioning Company is a subchapter s corporation located at 1905 Westmoreland St in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,678,145.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
James River Air Conditioning Company received a Paycheck Protection Loan of $2.68M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, James River Air Conditioning Company's total 2019 payroll expenses were approximately $12.86M in order to qualify for the PPP loan amount received.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $73,040 per employee1.
Business Information - James River Air Conditioning Company in Richmond, VA
1905 Westmoreland St
Richmond, VA 23230
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-07
Similar Companies near Richmond
In the Richmond area, 8 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 176) and received an average PPP loan of $426,109 (compared to this company's $2.68M).
Similar Nearby Businesses Who Received PPP Funding:
Steven M Mann DBA Budget Plumbing And Drain Cleaning
Project Plumbing Incorporated
Carroll Plumbing & Heating
Acors & Griffith Heating And Air Conditioning, Inc.
Virginia Climate LLC
M&M Mechanical LLC
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 94% lower than James River Air Conditioning Company's reported 176 employees, and received an average PPP loan of $154,981, 94% lower than this company's loan of $2.68M.
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