PPP Loan Data — Maverick Heat & Cool, Inc, Pearsall, TX
Maverick Heat & Cool, Inc
Location: Pearsall, TXTweet This • Search All PPP Data
Maverick Heat & Cool, Inc is a corporation located at 323 S. Oak in Pearsall, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Harvest Small Business Finance, LLC
Maverick Heat & Cool, Inc in Pearsall, TX received a Paycheck Protection Loan of $25,000 through Harvest Small Business Finance, LLC, 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, Maverick Heat & Cool, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maverick Heat & Cool, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Maverick Heat & Cool, Inc in Pearsall, TX
323 S. Oak
Pearsall, TX 78061
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
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, 150% higher than Maverick Heat & Cool, Inc's reported 4 employees, and received an average PPP loan of $123,520, 394% higher than this company's loan of $25,000.
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Footnotes & Information
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