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PPP Loan Data — Standard Plumbing Supply Co., Inc., Sandy, UT

SBA PPP loan data, payroll data, and salaries for Standard Plumbing Supply Co., Inc.
UT

Standard Plumbing Supply Co., Inc.

Entity: Corporation

Industry: Hardware Stores

Location: Sandy, UT

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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

Loan Size:

$4.76M

Jobs Retained:

500

Loan Approved:

2020-05-18

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.

Because the loan received by Standard Plumbing Supply Co., Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Standard Plumbing Supply Co., Inc. in Sandy, UT

Standard Plumbing Supply Co., Inc.
9310 S 370 W Bldg 5
Sandy, UT 84070

Business Industry

Hardware Stores (NAICS code 444130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/standard-plumbing-supply-co-inc-sandy-ut