PPP Loan Data — South Belt Air Conditioning And Heating Inc, Friendswood, TX
South Belt Air Conditioning And Heating Inc
Entity: Subchapter S Corporation
Location: Friendswood, TXTweet This • Search All PPP Data
South Belt Air Conditioning And Heating Inc is a subchapter s corporation located at 4403 Fm 2351 Rd in Friendswood, Texas that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
South Belt Air Conditioning And Heating Inc in Friendswood, TX received a Paycheck Protection Loan of $25,100 through Comerica Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
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, South Belt Air Conditioning And Heating Inc's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, South Belt Air Conditioning And Heating Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - South Belt Air Conditioning And Heating Inc in Friendswood, TX
4403 Fm 2351 Rd
Friendswood, TX 77546
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: N
Rural / Urban: Urban
Similar Companies near Friendswood
In the Friendswood area, 18 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 4) and received an average PPP loan of $68,914 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Genuine AC & Heating Services LLC
Fannco Plumbing LLC
Always There Heating & Air
Renegade Fire Systems, LLC
Nicholson Plumbing, LLC
CTA HVAC LLC
Nxgen Air 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, 150% higher than South Belt Air Conditioning And Heating Inc's reported 4 employees, and received an average PPP loan of $123,520, 392% higher than this company's loan of $25,100.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!