PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Merles Air Duct & Furnace Cleaning Specialists LLC, Grand Forks, ND

ALERT: There are 2 PPP loans for a total of $30,760 in our database for businesses with the name "Merles Air Duct & Furnace Cleaning Specialists LLC" in Grand Forks, ND. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Merles Air Duct & Furnace Cleaning Specialists LLC
ND

Merles Air Duct & Furnace Cleaning Specialists LLC

Entity: Sole Proprietorship

Industry: Janitorial Services

Location: Grand Forks, ND

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Merles Air Duct & Furnace Cleaning Specialists LLC is a sole proprietorship located at 1233 S 38th St in Grand Forks, North Dakota that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in April, 2021.

$ PPP Loan Information
Loan #5864638808

Loan Size:

$20,833

Jobs Retained:

2

Loan Approved:

2021-04-18

Loan Status:

Ongoing Loan

Lender:

Gate City Bank

Merles Air Duct & Furnace Cleaning Specialists LLC in Grand Forks, ND received a Paycheck Protection Loan of $20,833 through Gate City Bank, which was approved in April, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Merles Air Duct & Furnace Cleaning Specialists LLC's 2019 payroll expenses are estimated to be at least $99,998.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $49,999 per employee1

Reported PPP Proceed Usage:

On the PPP application, Merles Air Duct & Furnace Cleaning Specialists LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,833

Business Information - Merles Air Duct & Furnace Cleaning Specialists LLC in Grand Forks, ND

Merles Air Duct & Furnace Cleaning Specialists LLC
1233 S 38th St
Grand Forks, ND 58201

Business Industry:
Janitorial Services
NAICS code 561720

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Grand Forks County, ND — SBA Office 0875 — Congressional District: ND-

Similar Companies near Grand Forks

In the Grand Forks area, 15 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 2) and received an average PPP loan of $25,517 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 150% higher than Merles Air Duct & Furnace Cleaning Specialists LLC's reported 2 employees, and received an average PPP loan of $30,311, 45% higher than this company's loan of $20,833.

SBA PPP loan data, payroll data, and salaries for Merle's Air Duct & Furnace Cleaning Specialists LLC
ND

Merle's Air Duct & Furnace Cleaning Specialists LLC

Entity: Sole Proprietorship

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Grand Forks, ND

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Merle's Air Duct & Furnace Cleaning Specialists LLC is a sole proprietorship located in Grand Forks, North Dakota that received a Coronavirus-related PPP loan from the SBA of $9,927.00 in April, 2020.

$ PPP Loan Information
Loan #7094797304

Loan Size:

$9,927

Jobs Retained:

1

Loan Approved:

2020-04-30

Loan Status:

Paid in Full or Forgiven

Lender:

Gate City Bank

Merle's Air Duct & Furnace Cleaning Specialists LLC in Grand Forks, ND received a Paycheck Protection Loan of $9,927 through Gate City Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in February, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Merle's Air Duct & Furnace Cleaning Specialists LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $9,927

Business Information - Merle's Air Duct & Furnace Cleaning Specialists LLC in Grand Forks, ND

Merle's Air Duct & Furnace Cleaning Specialists LLC
Grand Forks, ND
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Grand Forks County, ND — SBA Office 0875 — Congressional District: ND-

Similar Companies near Grand Forks

In the Grand Forks area, 13 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 1) and received an average PPP loan of $128,837 (compared to this company's $9,927).

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, 900% higher than Merle's Air Duct & Furnace Cleaning Specialists LLC's reported 1 employees, and received an average PPP loan of $123,520, 1144% higher than this company's loan of $9,927.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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Source: www.federalpay.org/paycheck-protection-program/merles-air-duct-furnace-cleaning-specialists-llc-grand-forks-nd