PPP Loan Data — Stan's Heating & Air Conditioning LLC, Austin, TX
Stan's Heating & Air Conditioning LLC
Entity: Limited Liability Company (LLC)
Location: Austin, TXTweet This • Search All PPP Data
Stan's Heating & Air Conditioning LLC is a limited liability company (LLC) located at 6016 Dillard Cir in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $1,575,935.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:American Bank, National Association
Stan's Heating & Air Conditioning LLC in Austin, TX received a Paycheck Protection Loan of $1.58M through American 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 December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Stan's Heating & Air Conditioning LLC's 2019 payroll expenses are estimated to be at least $7.56M.
Based on their reported 97 jobs retained, this equals an estimated average yearly compensation of $77,984 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stan's Heating & Air Conditioning LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,575,935
Business Information - Stan's Heating & Air Conditioning LLC in Austin, TX
6016 Dillard Cir
Austin, TX 78752
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Austin
In the Austin area, 21 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 97) and received an average PPP loan of $240,823 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
Texas Plumbing Services LLC
Austin Metro Plumbing LLC
Lelam Holdings Inc. DBA Climate Solutions
Distinctive Plumbing Inc
A.Y Mechanical, Inc
ATX Environmental Solutions LLC
Johnny Rooter Plumbing Inc
Daniel's Plumbing And Drain Experts, LLC
Industry PPP Comparison Statistics
Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B 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, 90% lower than Stan's Heating & Air Conditioning LLC's reported 97 employees, and received an average PPP loan of $123,520, 92% lower than this company's loan of $1.58M.
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