PPP Loan Data — List Refrigeration, Heating & AC Inc, Camden, DE
List Refrigeration, Heating & AC Inc
Entity: Subchapter S Corporation
Location: Camden, DETweet This • Search All PPP Data
List Refrigeration, Heating & AC Inc is a subchapter s corporation located at 5 Wesley Street in Camden, Delaware that received a Coronavirus-related PPP loan from the SBA of $25,335.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wilmington Savings Fund Society, FSB
List Refrigeration, Heating & AC Inc in Camden, DE received a Paycheck Protection Loan of $25,335 through Wilmington Savings Fund Society, FSB, which was approved in May, 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, List Refrigeration, Heating & AC Inc's 2019 payroll expenses are estimated to be at least $121,608.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,536 per employee1
Reported PPP Proceed Usage:
On the PPP application, List Refrigeration, Heating & AC Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,335
Business Information - List Refrigeration, Heating & AC Inc in Camden, DE
5 Wesley Street
Camden, DE 19934
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 Camden
In the Camden area, 5 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 3) and received an average PPP loan of $28,341 (compared to this company's $25,335).
Similar Nearby Businesses Who Received PPP Funding:
John Hiott Refrigeration & Air Conditioning Inc
Zone Control HVAC 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, 233% higher than List Refrigeration, Heating & AC Inc's reported 3 employees, and received an average PPP loan of $123,520, 388% higher than this company's loan of $25,335.
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Footnotes & Information
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