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PPP Loan Data — Platinum Mechanical, LLC,
Tulsa, OK
Platinum Mechanical, LLC
Entity: Limited Liability Company (LLC)
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Tulsa, OK
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Platinum Mechanical, LLC is a limited liability company (LLC) located at 8199 E 46th St in Tulsa, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $1,418,960.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 134 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
134Loan Approved:
2020-04-05Lender:
MABREY BANKPlatinum Mechanical, LLC received a Paycheck Protection Loan of $1.42M through MABREY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Platinum Mechanical, LLC's total 2019 payroll expenses were approximately $6.81M in order to qualify for the PPP loan amount received.
Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $50,828 per employee1.
Business Information - Platinum Mechanical, LLC in Tulsa, OK
8199 E 46th St
Tulsa, OK 74145
Business Industry
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: OK-01Similar Companies near Tulsa
In the Tulsa area, 18 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 34 employees (compared to this company's 134) and received an average PPP loan of $363,345 (compared to this company's $1.42M).
Similar Nearby Businesses Who Received PPP Funding:
Williams Plumbing & Drain Service, Inc.
Tulsa, OK
Boone & Boone Sales Company, Inc.
Tulsa, OK
Airco Services Inc
Tulsa, OK
Main Street Mechanical, LLC
Tulsa, OK
ABC Air Conditioning Co Inc
Tulsa, OK
Brierly Corporation
Tulsa, OK
Crowl Mechanical Inc
Tulsa, OK
Donohue Commercial Service, Inc.
Tulsa, OK
Robinson Air Inc
Tulsa, OK
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 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 11 employees, 92% lower than Platinum Mechanical, LLC's reported 134 employees, and received an average PPP loan of $154,981, 89% lower than this company's loan of $1.42M.
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. 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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