PPP Loan Data — Trapp's Plumbing & Heating, Inc, Bellevue, OH
Trapp's Plumbing & Heating, Inc
Location: Bellevue, OHTweet This • Search All PPP Data
Trapp's Plumbing & Heating, Inc is a corporation located at 383 Po Box in Bellevue, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The First National Bank Bellevue
Trapp's Plumbing & Heating, Inc in Bellevue, OH received a Paycheck Protection Loan of $25,400 through The First National Bank Bellevue, 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 March, 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, Trapp's Plumbing & Heating, Inc's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Trapp's Plumbing & Heating, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,000
- Utilities: $400
- Rent: $3,000
Business Information - Trapp's Plumbing & Heating, Inc in Bellevue, OH
383 Po Box
Bellevue, OH 44811
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Bellevue
In the Bellevue area, 5 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $26,894 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Beckley Plumbing Heating Air Conditioning Inc
Beckleyplumbing Heating Airconditioning Inc
H & H Plumbing & Heating Inc
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, 150% higher than Trapp's Plumbing & Heating, Inc's reported 4 employees, and received an average PPP loan of $123,520, 386% higher than this company's loan of $25,400.
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