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PPP Loan Data — Standard Plumbing And Heating Co,
Canton, OH
Standard Plumbing And Heating Co
Entity: Subchapter S Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Canton, OH
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Standard Plumbing And Heating Co is a subchapter s corporation located at 435 Walnut Ave Se in Canton, Ohio that received a Coronavirus-related PPP loan from the SBA of $2,672,900.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
139Loan Approved:
2020-04-11Lender:
PNC BANK, NATIONAL ASSOCIATIONStandard Plumbing And Heating Co in Canton, OH received a Paycheck Protection Loan of $2.67M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Standard Plumbing And Heating Co's total 2019 payroll expenses were approximately $12.83M in order to qualify for the PPP loan amount received.
Based on their reported 139 jobs retained, this equals an estimated average yearly compensation of $92,302 per employee1.
Business Information - Standard Plumbing And Heating Co in Canton, OH
435 Walnut Ave Se
Canton, OH 44702
Business Industry
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-07Similar Companies near Canton
In the Canton area, 3 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 139) and received an average PPP loan of $1,271,967 (compared to this company's $2.67M).
Similar Nearby Businesses Who Received PPP Funding:
Kauffman Plumbing And Heating
Canton, OH
Sheetmetal Crafters Inc
Canton, OH
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, 92% lower than Standard Plumbing And Heating Co's reported 139 employees, and received an average PPP loan of $154,981, 94% lower than this company's loan of $2.67M.
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, 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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