PPP Loan Data — RB Sprinklers Inc, Sylvania, OH
RB Sprinklers Inc
Entity: Subchapter S Corporation
Location: Sylvania, OHTweet This • Search All PPP Data
RB Sprinklers Inc is a subchapter s corporation located at 8432 West Central Unit 4 in Sylvania, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,065.00 in May, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
RB Sprinklers Inc in Sylvania, OH received a Paycheck Protection Loan of $25,065 through The Huntington National Bank, which was approved in May, 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, RB Sprinklers Inc's 2019 payroll expenses are estimated to be at least $120,312.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,078 per employee1
Reported PPP Proceed Usage:
On the PPP application, RB Sprinklers Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,065
Business Information - RB Sprinklers Inc in Sylvania, OH
8432 West Central Unit 4
Sylvania, OH 43560
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sylvania
In the Sylvania area, 9 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 4) and received an average PPP loan of $74,999 (compared to this company's $25,065).
Similar Nearby Businesses Who Received PPP Funding:
Drain Doctor RX LLC
Zimmerman Heating Co
Fickwood Plumbing, LLC
Coleman Systems Inc
Overcashier And Horst Heating And Air Conditioning, Inc
Drain Doctor RX
Lee's Plumbing Inc
GLO Heating, Plumbing & Air Conditioning, 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, 150% higher than RB Sprinklers Inc's reported 4 employees, and received an average PPP loan of $123,520, 393% higher than this company's loan of $25,065.
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