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PPP Loan Data — The Schebler Co,
Bettendorf, IA
The Schebler Co
Entity: Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Bettendorf, IA
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The Schebler Co is a corporation located at 5665 Fenno Rd in Bettendorf, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,960,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
181Loan Approved:
2020-04-08Lender:
BLACKHAWK BANK & TRUSTThe Schebler Co in Bettendorf, IA received a Paycheck Protection Loan of $2.96M through BLACKHAWK BANK & TRUST, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Schebler Co's total 2019 payroll expenses were approximately $14.21M in order to qualify for the PPP loan amount received.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $78,518 per employee1.
Business Information - The Schebler Co in Bettendorf, IA
5665 Fenno Rd
Bettendorf, IA 52722
Business Industry
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IA-02Similar Companies near Bettendorf
In the Bettendorf area, 5 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 39 employees (compared to this company's 181) and received an average PPP loan of $654,889 (compared to this company's $2.96M).
Similar Nearby Businesses Who Received PPP Funding:
Triton Plumbing, Heating, And Air Conditioning, Inc.
Bettendorf, IA
Air Equipment Sales Inc.
Bettendorf, IA
River Bend Plumbing Services, LLC
Bettendorf, IA
Sammm Comfort, Inc DBA Bettendorf Heating & Air Conditioni
Bettendorf, IA
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, 94% lower than The Schebler Co's reported 181 employees, and received an average PPP loan of $154,981, 95% lower than this company's loan of $2.96M.
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.
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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