PPP Loan Data — Standard Plumbing Supply Co., Inc., Sandy, UT
Standard Plumbing Supply Co., Inc. is a corporation located at 9310 S 370 W Bldg 5 in Sandy, Utah that received a Coronavirus-related PPP loan from the SBA of $4,760,825.00 in May, 2020.
$ PPP Loan Information
Lender:AMERICAN EXPRESS NATIONAL BANK
Standard Plumbing Supply Co., Inc. in Sandy, UT received a Paycheck Protection Loan of $4.76M through AMERICAN EXPRESS NATIONAL BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Standard Plumbing Supply Co., Inc.'s total 2019 payroll expenses were approximately $22.85M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $45,704 per employee1.
Business Information - Standard Plumbing Supply Co., Inc. in Sandy, UT
9310 S 370 W Bldg 5
Sandy, UT 84070
Hardware Stores (NAICS code 444130)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: UT-04
Industry PPP Comparison Statistics
Nationwide, 7,006 businesses in the "Hardware Stores" industry received a total of $643,814,935.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 97% lower than Standard Plumbing Supply Co., Inc.'s reported 500 employees, and received an average PPP loan of $91,895, 98% lower than this company's loan of $4.76M.
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Footnotes & Information
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