PPP Loan Data — Total Mechanical Inc, Camas, WA
Total Mechanical Inc
Location: Camas, WATweet This • Search All PPP Data
Total Mechanical Inc is a corporation located at 4857 Nw Lake Rd Ste 300 in Camas, Washington that received a Coronavirus-related PPP loan from the SBA of $2,516,907.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Columbia State Bank
Total Mechanical Inc in Camas, WA received a Paycheck Protection Loan of $2.52M through Columbia State Bank, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 121. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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, Total Mechanical Inc's 2019 payroll expenses are estimated to be at least $12.08M (not accounting for salary amounts > $100k).
Because the 71 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Total Mechanical Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,516,907
Business Information - Total Mechanical Inc in Camas, WA
4857 Nw Lake Rd Ste 300
Camas, WA 98607
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 Camas
In the Camas area, 26 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 71) and received an average PPP loan of $167,221 (compared to this company's $2.52M).
Similar Nearby Businesses Who Received PPP Funding:
All Around Mechanical LLC
Brush Prairie, WA
My Plumber LLC
Brush Prairie, WA
I.m. Plumbing Inc
Clark County Plumbing & Drain, LLC
AJ Refrigeration And Air Conditioning
360 Plumbing Plus, LLC
Woodburn Plumbing Inc
Accent Heating & Cooling LLC
Brush Prairie, WA
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, 86% lower than Total Mechanical Inc's reported 71 employees, and received an average PPP loan of $123,520, 95% lower than this company's loan of $2.52M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!