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PPP Loan Data — Plumbing Distributors Inc., Lawrenceville, GA

SBA PPP loan data, payroll data, and salaries for Plumbing Distributors Inc.
GA

Plumbing Distributors Inc.

Entity: Subchapter S Corporation

Industry: Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers

Location: Lawrenceville, GA

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Plumbing Distributors Inc. is a subchapter s corporation located at 242 Culver Street in Lawrenceville, Georgia that received a Coronavirus-related PPP loan from the SBA of $3,689,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.69M

Jobs Retained:

284

Loan Approved:

2020-04-14

Lender:

UNITED COMMUNITY BANK

Plumbing Distributors Inc. in Lawrenceville, GA received a Paycheck Protection Loan of $3.69M through UNITED COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Plumbing Distributors Inc.'s total 2019 payroll expenses were approximately $17.71M in order to qualify for the PPP loan amount received.

Based on their reported 284 jobs retained, this equals an estimated average yearly compensation of $62,349 per employee1.

Because the loan received by Plumbing Distributors Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Plumbing Distributors Inc. in Lawrenceville, GA

Plumbing Distributors Inc.
242 Culver Street
Lawrenceville, GA 30046

Business Industry

Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (NAICS code 423720)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-07

Industry PPP Comparison Statistics

Nationwide, 2,431 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $601,862,879.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 16 employees, 94% lower than Plumbing Distributors Inc.'s reported 284 employees, and received an average PPP loan of $247,578, 93% lower than this company's loan of $3.69M.

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, and is published unmodified, as provided by the SBA.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/plumbing-distributors-inc-lawrenceville-ga