PPP Loan Data — RD Plumbing Inc, Glenview, IL
RD Plumbing Inc
Location: Glenview, ILTweet This • Search All PPP Data
RD Plumbing Inc is a corporation located at 408 Warren Rd in Glenview, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,208.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
RD Plumbing Inc in Glenview, IL received a Paycheck Protection Loan of $25,208 through Bank of America, National Association, 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, RD Plumbing Inc's 2019 payroll expenses are estimated to be at least $120,998.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,333 per employee1
Reported PPP Proceed Usage:
On the PPP application, RD Plumbing Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,208
Business Information - RD Plumbing Inc in Glenview, IL
408 Warren Rd
Glenview, IL 60025
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Glenview
In the Glenview area, 41 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $67,210 (compared to this company's $25,208).
Similar Nearby Businesses Who Received PPP Funding:
Special Plumbing, Inc
Universal Refrigeration Heating & Air
Retro Plumbing, Inc
Clear Pipe Inc
Effective Air, Inc
Comprehensive Management, Inc
R. H. Witt Heating & Sheet Metal, Inc
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, 233% higher than RD Plumbing Inc's reported 3 employees, and received an average PPP loan of $123,520, 390% higher than this company's loan of $25,208.
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