PPP Loan Data — Mike Chilcote, Sacramento, CA
Entity: Self-employed Individual
Location: Sacramento, CATweet This • Search All PPP Data
Mike Chilcote is a self-employed individual located in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $11,595.00 in March, 2021.
PPP Loan Information
Loan Status:Active Un-Disbursed
Lender:Readycap Lending, LLC
Mike Chilcote in Sacramento, CA received a Paycheck Protection Loan of $11,595 through Readycap Lending, LLC, which was approved in March, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $11,595 in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 2021.
Reported PPP Proceed Usage:
On the PPP application, Mike Chilcote reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $11,591
- Utilities: $1
Business Information - Mike Chilcote in Sacramento, CA
* Full address is redacted to protect the privacy of individuals.
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: Y
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 21 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 1) and received an average PPP loan of $760,843 (compared to this company's $11,595).
Similar Nearby Businesses Who Received PPP Funding:
TNT Industrial Contractors, Inc
Air Systems Of Sacramento Inc
WWF Contractors Corp
Bud's Plumbing Service, Inc
Air Systems Service And Construction Inc
Park Mechanical Inc
Royal Breeze Inc
Industry PPP Comparison Statistics
Nationwide, 92,266 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $12.59B 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, 1000% higher than Mike Chilcote's reported 1 employees, and received an average PPP loan of $136,477, 1077% higher than this company's loan of $11,595.
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.
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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