PPP Loan Data — Piper Fire Protection, Inc, Clearwater, FL
Piper Fire Protection, Inc
Location: Clearwater, FLTweet This • Search All PPP Data
Piper Fire Protection, Inc is a corporation located at 13075 Us Highway 19n in Clearwater, Florida that received a Coronavirus-related PPP loan from the SBA of $2,230,500.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 215 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Piper Fire Protection, Inc in Clearwater, FL received a Paycheck Protection Loan of $2.23M through Truist Bank d/b/a Branch Banking & Trust Co, 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, Piper Fire Protection, Inc's 2019 payroll expenses are estimated to be at least $10.71M.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $49,797 per employee1
Reported PPP Proceed Usage:
On the PPP application, Piper Fire Protection, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,230,500
Business Information - Piper Fire Protection, Inc in Clearwater, FL
13075 Us Highway 19n
Clearwater, FL 33764
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: Urban
Similar Companies near Clearwater
In the Clearwater area, 34 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 215) and received an average PPP loan of $176,579 (compared to this company's $2.23M).
Similar Nearby Businesses Who Received PPP Funding:
National Heating & Air Conditioning Inc
B & J Heating And Air Conditioning
Spectrum Mechanical, LLC
Able Plumbing, Inc
B&J Heating And Air Conditioning, Inc
Denny's Plumbing, Inc
Bayside Heating & Air Conditioning, Inc
Todd's Air Conditioning & Refrigeration, LLC
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, 95% lower than Piper Fire Protection, Inc's reported 215 employees, and received an average PPP loan of $123,520, 94% lower than this company's loan of $2.23M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!