PPP Loan Data — Sexson Mechanical Corp, Greenwood, IN
Sexson Mechanical Corp
Entity: Subchapter S Corporation
Location: Greenwood, INTweet This • Search All PPP Data
Sexson Mechanical Corp is a subchapter s corporation located at 1001 Commerce Pkwy E Dr in Greenwood, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,181,900.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Sexson Mechanical Corp in Greenwood, IN received a Paycheck Protection Loan of $2.18M through PNC Bank, National Association, which was approved in April, 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, Sexson Mechanical Corp's 2019 payroll expenses are estimated to be at least $10.47M.
Based on their reported 116 jobs retained, this equals an estimated average yearly compensation of $90,286 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sexson Mechanical Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,181,900
Business Information - Sexson Mechanical Corp in Greenwood, IN
1001 Commerce Pkwy E Dr
Greenwood, IN 46143
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: Y
Rural / Urban: Urban
Similar Companies near Greenwood
In the Greenwood area, 21 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 116) and received an average PPP loan of $218,552 (compared to this company's $2.18M).
Similar Nearby Businesses Who Received PPP Funding:
Caplinger Company LLC
Complete Comfort Heating & Air Conditioning
Cole Contracting LLC
Fire Protection Design & Construction Inc
Ray-Co Heating & Cooling, Inc
Carter Management Group, 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, 91% lower than Sexson Mechanical Corp's reported 116 employees, and received an average PPP loan of $123,520, 94% lower than this company's loan of $2.18M.
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