PPP Loan Data — Mass State Plumbing Heating And Air Con, Pembroke, MA
Mass State Plumbing Heating And Air Con
Entity: Limited Liability Company (LLC)
Location: Pembroke, MATweet This • Search All PPP Data
Mass State Plumbing Heating And Air Con is a limited liability company (LLC) located at 37 Anthony Dr in Pembroke, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank, National Association
Mass State Plumbing Heating And Air Con in Pembroke, MA received a Paycheck Protection Loan of $47,000 through Citizens Bank, National Association, which was approved in January, 2021.
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, Mass State Plumbing Heating And Air Con's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mass State Plumbing Heating And Air Con reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,998
- Utilities: $1
Business Information - Mass State Plumbing Heating And Air Con in Pembroke, MA
37 Anthony Dr
Pembroke, MA 2359
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 Pembroke
In the Pembroke area, 16 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 3) and received an average PPP loan of $366,990 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Mcnamara Plumbing LLC
Blue Bear Plumbing Inc
Alliance Enterprises, Inc
Mass State Plumbing Heating & Air Conditioning LLC
Solimini Enterprise Inc
Deluca Plumbing And Heating
Solimini Enterprise Incorporated
Preferred Contractors, 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 Mass State Plumbing Heating And Air Con's reported 3 employees, and received an average PPP loan of $123,520, 163% higher than this company's loan of $47,000.
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