PPP Loan Data — Norman S Wright Mechanical Equip Corp., Brisbane, CA
Norman S Wright Mechanical Equip Corp.
Entity: Subchapter S Corporation
Location: Brisbane, CATweet This • Search All PPP Data
Norman S Wright Mechanical Equip Corp. is a subchapter s corporation located at 99 A South Hill Dr. in Brisbane, California that received a Coronavirus-related PPP loan from the SBA of $5,632,694.00 in April, 2020.
$ PPP Loan Information
Lender:U.S. BANK, NATIONAL ASSOCIATION
Norman S Wright Mechanical Equip Corp. in Brisbane, CA received a Paycheck Protection Loan of $5.63M through U.S. BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Norman S Wright Mechanical Equip Corp.'s total 2019 payroll expenses were approximately $27.04M in order to qualify for the PPP loan amount received.
Based on their reported 286 jobs retained, this equals an estimated average yearly compensation of $94,535 per employee1.
Business Information - Norman S Wright Mechanical Equip Corp. in Brisbane, CA
99 A South Hill Dr.
Brisbane, CA 94005
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-14
Similar Companies near Brisbane
In the Brisbane area, 7 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 286) and received an average PPP loan of $1,295,096 (compared to this company's $5.63M).
Similar Nearby Businesses Who Received PPP Funding:
Carol J. Flynn, Inc.
George Salet Plumbing Inc
Eagle Refrigeration, Heating & AC Inc
Gotelli Plumbin Inc
Hydra Ventures Incorporated
San Francisco Plumbing Company
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, 96% lower than Norman S Wright Mechanical Equip Corp.'s reported 286 employees, and received an average PPP loan of $154,981, 97% lower than this company's loan of $5.63M.
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.
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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