PPP Loan Data — The Painters Inc, Wichita, KS
The Painters Inc
Entity: Subchapter S Corporation
Location: Wichita, KSTweet This • Search All PPP Data
The Painters Inc is a subchapter s corporation located at 4232 S Cumberland St in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $25,232.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Southwest National Bank
The Painters Inc in Wichita, KS received a Paycheck Protection Loan of $25,232 through Southwest National Bank, 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 February, 2021.
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, The Painters Inc's 2019 payroll expenses are estimated to be at least $121,114.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,223 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Painters Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,232
Business Information - The Painters Inc in Wichita, KS
4232 S Cumberland St
Wichita, KS 67216
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: Y
Rural / Urban: Urban
Similar Companies near Wichita
In the Wichita area, 13 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 5) and received an average PPP loan of $165,366 (compared to this company's $25,232).
Similar Nearby Businesses Who Received PPP Funding:
Gene Hensley Co., Inc
Dean E Norris Inc
Mike Watson Heating And Cooling LLC
Dream Makers Home Imprvmts Htg LLC
Brand Plumbing Inc
Commercial Trade Services LLC
Sarah Fowler DBA None
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, 100% higher than The Painters Inc's reported 5 employees, and received an average PPP loan of $123,520, 390% higher than this company's loan of $25,232.
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