PPP Loan Data — Shinn Mechanical, Inc., Kent, WA
Shinn Mechanical, Inc.
Entity: Subchapter S Corporation
Location: Kent, WATweet This • Search All PPP Data
Shinn Mechanical, Inc. is a subchapter s corporation located at 18802 80th Ave South in Kent, Washington that received a Coronavirus-related PPP loan from the SBA of $2,506,100.00 in April, 2020.
The company has reported itself as a male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:COASTAL COMMUNITY BANK
Shinn Mechanical, Inc. in Kent, WA received a Paycheck Protection Loan of $2.51M through COASTAL COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Shinn Mechanical, Inc.'s total 2019 payroll expenses were approximately $12.03M in order to qualify for the PPP loan amount received.
Unlike most businesses, Shinn Mechanical, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Shinn Mechanical, Inc. in Kent, WA
18802 80th Ave South
Kent, WA 98032
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: WA-09
Similar Companies near Kent
In the Kent area, 25 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 0) and received an average PPP loan of $567,607 (compared to this company's $2.51M).
Similar Nearby Businesses Who Received PPP Funding:
AAA Heating & Refrigeration, Inc DBA A Aa Heating &
Green City Heating And Air Conditioning Inc
Key Mechanical Co.Of Washingto
Blake Company Inc
Beacon Plumbing & Mechanical, Inc.
Adept Mechanical Services, Inc
Drain Pro Plumbing Inc
Commercial Dishwasher Of Western Washington, Inc.
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 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, and received an average PPP loan of $154,981, 94% lower than this company's loan of $2.51M.
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.
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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