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PPP Loan Data — Peck Plumbing LLC,
Alexandria, VA
Peck Plumbing LLC
Entity: Limited Liability Company (LLC)
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Alexandria, VA
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Peck Plumbing LLC is a limited liability company (LLC) located at 25 S Dove St in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $93,433.00 in February, 2021.
$
PPP Loan Information
Loan #3559928403
Loan Size:
Jobs Retained:
9Loan Approved:
2021-02-05Loan Status:
Ongoing LoanLender:
Burke & Herbert Bank & Trust CompanyPeck Plumbing LLC in Alexandria, VA received a Paycheck Protection Loan of $93,433 through Burke & Herbert Bank & Trust Company, which was approved in February, 2021.
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 MoreUnderstanding 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 MoreBased 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, Peck Plumbing LLC's 2019 payroll expenses are estimated to be at least $448,478.
Based on their reported 9 jobs retained, this equals an estimated average yearly compensation of $49,831 per employee1
Reported PPP Proceed Usage:
On the PPP application, Peck Plumbing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $93,432
Business Information - Peck Plumbing LLC in Alexandria, VA
25 S Dove St
Alexandria, VA 22314
Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Alexandria
In the Alexandria area, 10 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 9) and received an average PPP loan of $408,390 (compared to this company's $93,433).
Similar Nearby Businesses Who Received PPP Funding:
Caffi Contracting Services, Inc
Alexandria, VA
Exclusive Plumbing LLC
Alexandria, VA
Phoenix Renovation Corp
Alexandria, VA
Brianna Mont
Alexandria, VA
Energesco Mechanical LLC
Alexandria, VA
Thomas J Fannon And Sons Inc
Alexandria, VA
Frosty's Heating & Cooling Inc
Alexandria, VA
Industry PPP Comparison Statistics
Nationwide, 101,561 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $12.95B 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 11 employees, 22% higher than Peck Plumbing LLC's reported 9 employees, and received an average PPP loan of $127,477, 36% higher than this company's loan of $93,433.
Peck Plumbing LLC
Entity: Limited Liability Company (LLC)
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Alexandria, VA
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•
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Peck Plumbing LLC is a limited liability company (LLC) located at 25 Dove St in Alexandria, Virginia that received a Coronavirus-related PPP loan from the SBA of $84,306.00 in April, 2020.
$
PPP Loan Information
Loan #7540897202
Loan Size:
Jobs Retained:
8Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Burke & Herbert Bank & Trust CompanyPeck Plumbing LLC in Alexandria, VA received a Paycheck Protection Loan of $84,306 through Burke & Herbert Bank & Trust Company, which was approved in April, 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 April, 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 MoreUnderstanding 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 MoreBased 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, Peck Plumbing LLC's 2019 payroll expenses are estimated to be at least $404,669.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $50,584 per employee1
Reported PPP Proceed Usage:
On the PPP application, Peck Plumbing LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $84,306
Business Information - Peck Plumbing LLC in Alexandria, VA
25 Dove St
Alexandria, VA 22314
Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Alexandria
In the Alexandria area, 10 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 8) and received an average PPP loan of $408,390 (compared to this company's $84,306).
Similar Nearby Businesses Who Received PPP Funding:
Caffi Contracting Services, Inc
Alexandria, VA
Exclusive Plumbing LLC
Alexandria, VA
Phoenix Renovation Corp
Alexandria, VA
Brianna Mont
Alexandria, VA
Energesco Mechanical LLC
Alexandria, VA
Thomas J Fannon And Sons Inc
Alexandria, VA
Frosty's Heating & Cooling Inc
Alexandria, VA
Industry PPP Comparison Statistics
Nationwide, 101,561 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $12.95B 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 11 employees, 38% higher than Peck Plumbing LLC's reported 8 employees, and received an average PPP loan of $127,477, 51% higher than this company's loan of $84,306.
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.
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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