PPP Loan Data — PAR Plumbing Company Inc., Lynbrook, NY
PAR Plumbing Company Inc.
Entity: Subchapter S Corporation
Location: Lynbrook, NYTweet This • Search All PPP Data
PAR Plumbing Company Inc. is a subchapter s corporation located at 60 North Prospect Avenue in Lynbrook, New York that received a Coronavirus-related PPP loan from the SBA of $9,586,099.00 in April, 2020.
$ PPP Loan Information
PAR Plumbing Company Inc. received a Paycheck Protection Loan of $9.59M through SIGNATURE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, PAR Plumbing Company Inc.'s total 2019 payroll expenses were approximately $46.01M in order to qualify for the PPP loan amount received.
Based on their reported 465 jobs retained, this equals an estimated average yearly compensation of $98,953 per employee1.
Business Information - PAR Plumbing Company Inc. in Lynbrook, NY
60 North Prospect Avenue
Lynbrook, NY 11563
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-04
Similar Companies near Lynbrook
In the Lynbrook area, 6 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 465) and received an average PPP loan of $1,801,623 (compared to this company's $9.59M).
Similar Nearby Businesses Who Received PPP Funding:
Christy Electric Inc
Lynbrook Plumbing & Heating Inc
CEL Tech Electric Inc
Security Pro Technologies Corp.
Interphase Electric Corp
Industry PPP Comparison Statistics
Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 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 12 employees, 97% lower than PAR Plumbing Company Inc.'s reported 465 employees, and received an average PPP loan of $181,171, 98% lower than this company's loan of $9.59M.
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