PPP Loan Data — Peters Heating And Air Conditioning Inc, Quincy, IL
Peters Heating And Air Conditioning Inc
Location: Quincy, ILTweet This • Search All PPP Data
Peters Heating And Air Conditioning Inc is a corporation located at 4520 Broadway in Quincy, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,472,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 236 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Bankers Trust Company, National Association
Peters Heating And Air Conditioning Inc in Quincy, IL received a Paycheck Protection Loan of $2.47M through First Bankers Trust Company, National Association, which was approved in April, 2020.
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, Peters Heating And Air Conditioning Inc's 2019 payroll expenses are estimated to be at least $11.87M.
Based on their reported 236 jobs retained, this equals an estimated average yearly compensation of $50,278 per employee1
Reported PPP Proceed Usage:
On the PPP application, Peters Heating And Air Conditioning Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,472,000
Business Information - Peters Heating And Air Conditioning Inc in Quincy, IL
Quincy, IL 62305
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Quincy
In the Quincy area, 13 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 236) and received an average PPP loan of $312,479 (compared to this company's $2.47M).
Similar Nearby Businesses Who Received PPP Funding:
Brinkman Plumbing Contractors, Inc
Wiemelt Plumbing & Excavating, Inc
Comfort & Safety Services Inc
Air Specialists Heating & Air Conditioning, Inc
Keck Plumbing, Inc
M E Mechanical Inc
Brinkman Plumbing Contractors
Powell Brothers Plumbing And Electrical, Inc
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, 96% lower than Peters Heating And Air Conditioning Inc's reported 236 employees, and received an average PPP loan of $123,520, 95% lower than this company's loan of $2.47M.
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