PPP Loan Data — Shumate Mechanical LLC, Duluth, GA
Shumate Mechanical LLC
Entity: Limited Liability Company (LLC)
Location: Duluth, GATweet This • Search All PPP Data
Shumate Mechanical LLC is a limited liability company (LLC) located at Shumate Mechanical Llc in Duluth, Georgia that received a Coronavirus-related PPP loan from the SBA of $4,807,800.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST-CITIZENS BANK & TRUST COMPANY
Shumate Mechanical LLC received a Paycheck Protection Loan of $4.81M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Shumate Mechanical LLC's total 2019 payroll expenses were approximately $23.08M in order to qualify for the PPP loan amount received.
Based on their reported 329 jobs retained, this equals an estimated average yearly compensation of $70,144 per employee1.
Business Information - Shumate Mechanical LLC in Duluth, GA
Shumate Mechanical Llc
Duluth, GA 30097
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-07
Similar Companies near Duluth
In the Duluth area, 9 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 43 employees (compared to this company's 329) and received an average PPP loan of $638,721 (compared to this company's $4.81M).
Similar Nearby Businesses Who Received PPP Funding:
Willis Mechanical Inc
Johns Creek, GA
Lane Heating & Air Conditioning, Inc.
Just Cooling Air Conditioning And Heating
Lanier Jones Mechanical Inc
Option One Plumbing, Inc.
Your Refrigeration LLC
Arcadia Plumbing Heating & Air Conditioning 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, 97% lower than Shumate Mechanical LLC's reported 329 employees, and received an average PPP loan of $154,981, 97% lower than this company's loan of $4.81M.
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