PPP Loan Data — Pettus Plumbing & Piping, Inc, Rogersville, AL
Pettus Plumbing & Piping, Inc
Entity: Subchapter S Corporation
Location: Rogersville, ALTweet This • Search All PPP Data
Pettus Plumbing & Piping, Inc is a subchapter s corporation located at 12647 Highway 72 W in Rogersville, Alabama that received a Coronavirus-related PPP loan from the SBA of $1,507,548.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 103 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Pettus Plumbing & Piping, Inc in Rogersville, AL received a Paycheck Protection Loan of $1.51M through CB&S Bank, 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 December, 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, Pettus Plumbing & Piping, Inc's 2019 payroll expenses are estimated to be at least $7.24M.
Based on their reported 103 jobs retained, this equals an estimated average yearly compensation of $70,255 per employee1
Reported PPP Proceed Usage:
On the PPP application, Pettus Plumbing & Piping, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,466,548
- Utilities: $22,000
- Rent: $19,000
Business Information - Pettus Plumbing & Piping, Inc in Rogersville, AL
12647 Highway 72 W
Rogersville, AL 35652
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 Rogersville
In the Rogersville area, 7 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 103) and received an average PPP loan of $248,386 (compared to this company's $1.51M).
Similar Nearby Businesses Who Received PPP Funding:
Comfort 1St LLC
Glasgow Heating & Air Conditioning Inc
Milton Vaughn Jr
Cecil Timothy Newton
Birdwell Heating & Cooling 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, 90% lower than Pettus Plumbing & Piping, Inc's reported 103 employees, and received an average PPP loan of $123,520, 92% lower than this company's loan of $1.51M.
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Footnotes & Information
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