PPP Loan Data — S&R Heating,Cooling, & Plumbing Inc, Dyersville, IA
S&R Heating,Cooling, & Plumbing Inc
Location: Dyersville, IATweet This • Search All PPP Data
S&R Heating,Cooling, & Plumbing Inc is a corporation located at 3346 Vaske Rd in Dyersville, Iowa that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
The company has reported itself as a White owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fidelity Bank & Trust
S&R Heating,Cooling, & Plumbing Inc in Dyersville, IA received a Paycheck Protection Loan of $46,000 through Fidelity Bank & Trust, 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 November, 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, S&R Heating,Cooling, & Plumbing Inc's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,543 per employee1
Reported PPP Proceed Usage:
On the PPP application, S&R Heating,Cooling, & Plumbing Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - S&R Heating,Cooling, & Plumbing Inc in Dyersville, IA
3346 Vaske Rd
Dyersville, IA 52040
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: Rural
Similar Companies near Dyersville
In the Dyersville area, 5 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $50,638 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Boge Mechanical Systems, LLC
Prier Bros, Inc
Budden Well & Plumbing Service Inc
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, 43% higher than S&R Heating,Cooling, & Plumbing Inc's reported 7 employees, and received an average PPP loan of $123,520, 169% higher than this company's loan of $46,000.
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