PPP Loan Data — Mechanical Systems & Serv, Charlotte, NC
Mechanical Systems & Serv
Location: Charlotte, NCTweet This • Search All PPP Data
Mechanical Systems & Serv is a corporation located at 1001 Tuckaseegee Rd in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $7,378,800.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 434 people during the applicable loan loan period.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Mechanical Systems & Serv in Charlotte, NC received a Paycheck Protection Loan of $7.38M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mechanical Systems & Serv's total 2019 payroll expenses were approximately $35.42M in order to qualify for the PPP loan amount received.
Based on their reported 434 jobs retained, this equals an estimated average yearly compensation of $81,609 per employee1.
Business Information - Mechanical Systems & Serv in Charlotte, NC
1001 Tuckaseegee Rd
Charlotte, NC 28208
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NC-12
Similar Companies near Charlotte
In the Charlotte area, 10 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 434) and received an average PPP loan of $858,069 (compared to this company's $7.38M).
Similar Nearby Businesses Who Received PPP Funding:
Charlotte Comfort Systems, Inc.
W H Hobbs Plumbing, LLC
PAY Less Plumbing Inc
Crocketts Quality Plumbing LLC
Agua Source LLC
Osborne Plumbing And Drain, LLC
MS Of NC, 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, 97% lower than Mechanical Systems & Serv's reported 434 employees, and received an average PPP loan of $154,981, 98% lower than this company's loan of $7.38M.
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