PPP Loan Data — SPC Mechanical Corporation, Wilson, NC
SPC Mechanical Corporation
Entity: Subchapter S Corporation
Location: Wilson, NCTweet This • Search All PPP Data
SPC Mechanical Corporation is a subchapter s corporation located at Po Box 3006 in Wilson, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,097,100.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST-CITIZENS BANK & TRUST COMPANY
SPC Mechanical Corporation received a Paycheck Protection Loan of $4.1M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, SPC Mechanical Corporation's total 2019 payroll expenses were approximately $19.67M in order to qualify for the PPP loan amount received.
Based on their reported 326 jobs retained, this equals an estimated average yearly compensation of $60,325 per employee1.
Business Information - SPC Mechanical Corporation in Wilson, NC
Po Box 3006
Wilson, NC 27893
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-01
Similar Companies near Wilson
In the Wilson area, 9 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 326) and received an average PPP loan of $688,572 (compared to this company's $4.1M).
Similar Nearby Businesses Who Received PPP Funding:
Fire & Ice Conditioning
Williams Fire Sprinkler Company, Inc.
Roberson's Heating And Air Conditioning Inc.
Martin Investments LLC
Boyette Well & Septic Inc.
Walston Mechanical Inc
B & J Plumbing Heating & Air Conditioning Inc.
Simpson Plumbing 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 SPC Mechanical Corporation's reported 326 employees, and received an average PPP loan of $154,981, 96% lower than this company's loan of $4.1M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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