PPP Loan Data — Plumbersmith Inc, Pensacola, FL
Location: Pensacola, FLTweet This • Search All PPP Data
Plumbersmith Inc is a corporation located at 9312 Bridlewood Rd in Pensacola, Florida that received a Coronavirus-related PPP loan from the SBA of $46,865.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Plumbersmith Inc in Pensacola, FL received a Paycheck Protection Loan of $46,865 through Synovus Bank, which was approved in May, 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
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, Plumbersmith Inc's 2019 payroll expenses are estimated to be at least $224,952.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $32,136 per employee1
Reported PPP Proceed Usage:
On the PPP application, Plumbersmith Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,865
Business Information - Plumbersmith Inc in Pensacola, FL
9312 Bridlewood Rd
Pensacola, FL 32526
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Pensacola
In the Pensacola area, 14 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 7) and received an average PPP loan of $52,346 (compared to this company's $46,865).
Similar Nearby Businesses Who Received PPP Funding:
Waters Heating And Air Conditioning LLC
Tracy Downs Plumbing Company LLC
Coastal Plumbing & Sewer Inc
Florida Air Conditioning & Heating Inc
ARD Heating & Air, Inc
AC Connection LLC
Top Tier Air Conditioning & Heating LLC
Certified Plumbing Sewer And Gas Inc
Shannon's Heating & Cooling 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, 43% higher than Plumbersmith Inc's reported 7 employees, and received an average PPP loan of $123,520, 164% higher than this company's loan of $46,865.
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