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PPP Loan Data — Milton J Wood Company, Jacksonville, FL

SBA PPP loan data, payroll data, and salaries for Milton J Wood Company
FL

Milton J Wood Company

Entity: Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Jacksonville, FL

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Milton J Wood Company is a corporation located at 3805 Faye Rd in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $2,750,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.75M

Jobs Retained:

200

Loan Approved:

2020-04-10

Lender:

TD BANK, NATIONAL ASSOCIATION

Milton J Wood Company in Jacksonville, FL received a Paycheck Protection Loan of $2.75M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Milton J Wood Company's total 2019 payroll expenses were approximately $13.2M in order to qualify for the PPP loan amount received.

Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $66,000 per employee1.

Because the loan received by Milton J Wood Company is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Milton J Wood Company in Jacksonville, FL

Milton J Wood Company
3805 Faye Rd
Jacksonville, FL 32226

Business Industry

Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-04

Similar Companies near Jacksonville

In the Jacksonville area, 11 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 200) and received an average PPP loan of $390,572 (compared to this company's $2.75M).

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, 95% lower than Milton J Wood Company's reported 200 employees, and received an average PPP loan of $154,981, 94% lower than this company's loan of $2.75M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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/milton-j-wood-company-jacksonville-fl