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

PPP Loan Data — Paige Mechanical Group Inc, Boise, ID

ALERT: There are 2 PPP loans for a total of $3.65M in our database for businesses with the name "Paige Mechanical Group Inc" in Boise, ID. 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 Paige Mechanical Group Inc
ID

Paige Mechanical Group Inc

Entity: Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Boise, ID

Search All PPP Data

Paige Mechanical Group Inc is a corporation located at 4662 S Henry St in Boise, Idaho that received a Coronavirus-related PPP loan from the SBA of $1,966,000.00 in March, 2021.

The company has reported itself as a male owned business, and employed at least 112 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5625748602

Loan Size:

$1.97M

Jobs Retained:

112

Loan Approved:

2021-03-20

Loan Status:

Active Un-Disbursed

Lender:

Washington Trust Bank
PPP Funds Undisbursed

Paige Mechanical Group Inc in Boise, ID received a Paycheck Protection Loan of $1.97M through Washington Trust Bank, 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 $1.97M in approved PPP funding has not been disbursed. 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

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, Paige Mechanical Group Inc's 2019 payroll expenses are estimated to be at least $9.44M.

Based on their reported 112 jobs retained, this equals an estimated average yearly compensation of $84,257 per employee1

Reported PPP Proceed Usage:

On the PPP application, Paige Mechanical Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,965,997
  • Utilities: $1

Business Information - Paige Mechanical Group Inc in Boise, ID

Paige Mechanical Group Inc
4662 S Henry St
Boise, ID 83709

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

Business Owner Demographics

Race: Unreported

Ethnicity: Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Ada County, ID — SBA Office 1087 — Congressional District: ID-01

Similar Companies near Boise

In the Boise area, 26 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 112) and received an average PPP loan of $462,502 (compared to this company's $1.97M).

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, 90% lower than Paige Mechanical Group Inc's reported 112 employees, and received an average PPP loan of $136,477, 93% lower than this company's loan of $1.97M.

SBA PPP loan data, payroll data, and salaries for Paige Mechanical Group, Inc
ID

Paige Mechanical Group, Inc

Entity: Corporation

Industry: Plumbing, Heating, and Air-Conditioning Contractors

Location: Boise, ID

Search All PPP Data

Paige Mechanical Group, Inc is a corporation located at 4662 Henry St in Boise, Idaho that received a Coronavirus-related PPP loan from the SBA of $1,682,100.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 104 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5827747005

Loan Size:

$1.68M

Jobs Retained:

104

Loan Approved:

2020-04-06

Loan Status:

Ongoing Loan

Lender:

Washington Trust Bank

Paige Mechanical Group, Inc in Boise, ID received a Paycheck Protection Loan of $1.68M through Washington Trust Bank, which was approved in April, 2020.

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, Paige Mechanical Group, Inc's 2019 payroll expenses are estimated to be at least $8.07M.

Based on their reported 104 jobs retained, this equals an estimated average yearly compensation of $77,635 per employee1

Reported PPP Proceed Usage:

On the PPP application, Paige Mechanical Group, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,682,100

Business Information - Paige Mechanical Group, Inc in Boise, ID

Paige Mechanical Group, Inc
4662 Henry St
Boise, ID 83709

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

Business Owner Demographics

Race: Unreported

Ethnicity: Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Ada County, ID — SBA Office 1087 — Congressional District: ID-01

Similar Companies near Boise

In the Boise area, 26 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 104) and received an average PPP loan of $462,502 (compared to this company's $1.68M).

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, 89% lower than Paige Mechanical Group, Inc's reported 104 employees, and received an average PPP loan of $136,477, 92% lower than this company's loan of $1.68M.

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/paige-mechanical-group-inc-boise-id