PPP Loan Data — Omni Heating And Air, LLC, Wildomar, CA
Omni Heating And Air, LLC
Entity: Limited Liability Company (LLC)
Location: Wildomar, CATweet This • Search All PPP Data
Omni Heating And Air, LLC is a limited liability company (LLC) located at 21182 Palomar St in Wildomar, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in July, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Omni Heating And Air, LLC in Wildomar, CA received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in July, 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 March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Omni Heating And Air, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Omni Heating And Air, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Utilities: $1,000
- Mortgage Interest: $15,000
- Rent: $9,000
Business Information - Omni Heating And Air, LLC in Wildomar, CA
21182 Palomar St
Wildomar, CA 92595
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: N
Rural / Urban: Urban
Similar Companies near Wildomar
In the Wildomar area, 25 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 5) and received an average PPP loan of $53,356 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Liberty Plumbing Heating & Air Condition
Pipeline Plumbing & Drain Specialists Inc
Am Pm Plumbing Group Inc
Precis Development Inc
David Wheeler Pest Control Inc
Pro Air Heating And Air Conditioning
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, 100% higher than Omni Heating And Air, LLC's reported 5 employees, and received an average PPP loan of $123,520, 394% higher than this company's loan of $25,000.
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