FederalPay.org
PPP Loan Data — Stack Bros. Mechanical Contractors Inc,
Superior, WI
Stack Bros. Mechanical Contractors Inc
Entity: Subchapter S Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Superior, WI
Tweet This
•
Search All PPP Data
Stack Bros. Mechanical Contractors Inc is a subchapter s corporation located at 3119 Hill Ave in Superior, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
$
PPP Loan Information
Loan #8874868303
Loan Size:
Jobs Retained:
106Loan Approved:
2021-01-30Loan Status:
Paid in Full or ForgivenLender:
Bremer Bank, National AssociationStack Bros. Mechanical Contractors Inc in Superior, WI received a Paycheck Protection Loan of $2M through Bremer Bank, National Association, which was approved in January, 2021.
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 October, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Stack Bros. Mechanical Contractors Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 106 jobs retained, this equals an estimated average yearly compensation of $90,566 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stack Bros. Mechanical Contractors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Stack Bros. Mechanical Contractors Inc in Superior, WI
3119 Hill Ave
Superior, WI 54880
Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Stack Bros. Mechanical Contractors Inc.
Superior Diamond Concrete Cutting Inc
Site Preparation Contractors
Similar Companies near Superior
In the Superior area, 8 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 106) and received an average PPP loan of $370,713 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Belknap Plumbing & Heating Co. Inc
Superior, WI
Better Service
Superior, WI
Better Service LLC
Superior, WI
Advantage Air Plumbing, Heating & Cooling, Inc
Superior, WI
T & D Enterprises LLC
Superior, WI
Young Plumbing, Inc
Superior, WI
Young Plumbing & Heating Inc
Superior, WI
Industry PPP Comparison Statistics
Nationwide, 103,883 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.03B 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, 91% lower than Stack Bros. Mechanical Contractors Inc's reported 106 employees, and received an average PPP loan of $125,397, 94% lower than this company's loan of $2M.
Stack Bros. Mechanical Contractors Inc
Entity: Subchapter S Corporation
Industry: Commercial and Institutional Building Construction
Location: Superior, WI
Tweet This
•
Search All PPP Data
Stack Bros. Mechanical Contractors Inc is a subchapter s corporation located at 3119 Hill Ave in Superior, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $3,754,100.00 in April, 2020.
$
PPP Loan Information
Loan #1360927106
Loan Size:
Jobs Retained:
115Loan Approved:
2020-04-10Loan Status:
Paid in Full or ForgivenLender:
Bremer Bank, National AssociationStack Bros. Mechanical Contractors Inc in Superior, WI received a Paycheck Protection Loan of $3.75M through Bremer Bank, National Association, 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 July, 2021.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 115 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 180. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Stack Bros. Mechanical Contractors Inc's 2019 payroll expenses are estimated to be at least $18.02M (not accounting for salary amounts > $100k).
Because the 115 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Stack Bros. Mechanical Contractors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,754,100
Business Information - Stack Bros. Mechanical Contractors Inc in Superior, WI
3119 Hill Ave
Superior, WI 54880
Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Rural
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Stack Bros. Mechanical Contractors Inc.
Superior Diamond Concrete Cutting Inc
Site Preparation Contractors
Similar Companies near Superior
In the Superior area, 6 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 58 employees (compared to this company's 115) and received an average PPP loan of $1,450,158 (compared to this company's $3.75M).
Similar Nearby Businesses Who Received PPP Funding:
Badger Storage & Excavating, Inc
Superior, WI
Northern Engineering Company, LLC
Superior, WI
J.r. Jensen Construction Company
Superior, WI
Four Star Construction Inc
Superior, WI
Four Star Construction LLC
Superior, WI
Industry PPP Comparison Statistics
Nationwide, 77,396 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.37B 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 12 employees, 90% lower than Stack Bros. Mechanical Contractors Inc's reported 115 employees, and received an average PPP loan of $159,889, 96% lower than this company's loan of $3.75M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!