PPP Loan Data — Standard Plumbing And Heating Co, Canton, OH
Standard Plumbing And Heating Co
Entity: Subchapter S Corporation
Location: Canton, OHTweet This • Search All PPP Data
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
Lender:PNC BANK, NATIONAL ASSOCIATION
Standard 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
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-07
Similar 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
Sheetmetal Crafters 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, 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.
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