PPP Loan Data — Schutz Acquisitions, Inc. And Walker Mechanical Contractors,, Louisville, KY
Schutz Acquisitions, Inc. And Walker Mechanical Contractors,
Entity: Subchapter S Corporation
Location: Louisville, KYTweet This • Search All PPP Data
Schutz Acquisitions, Inc. And Walker Mechanical Contractors, is a subchapter s corporation located at 1400 Jefferson St in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $2,655,400.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 104 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fifth Third Bank
Schutz Acquisitions, Inc. And Walker Mechanical Contractors, in Louisville, KY received a Paycheck Protection Loan of $2.66M through Fifth Third Bank, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 127. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Schutz Acquisitions, Inc. And Walker Mechanical Contractors,'s 2019 payroll expenses are estimated to be at least $12.75M (not accounting for salary amounts > $100k).
Because the 104 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Schutz Acquisitions, Inc. And Walker Mechanical Contractors, reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,655,400
Business Information - Schutz Acquisitions, Inc. And Walker Mechanical Contractors, in Louisville, KY
1400 Jefferson St
Louisville, KY 40203
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: Y
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 14 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 104) and received an average PPP loan of $282,706 (compared to this company's $2.66M).
Similar Nearby Businesses Who Received PPP Funding:
B. C. Plumbing Co
Jefferson Plumbing LLC
Quality Heating And Air LLC
A. N. Roth Company LLC
E.j. Willman & Son's Plumbing, Inc
Jefferson Plumbing LLC
BC Plumbing Co
Industry PPP Comparison Statistics
Nationwide, 92,266 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $12.59B 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, 89% lower than Schutz Acquisitions, Inc. And Walker Mechanical Contractors,'s reported 104 employees, and received an average PPP loan of $136,477, 95% lower than this company's loan of $2.66M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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