PPP Loan Data — UMC, Inc., Springville, UT
Entity: Subchapter S Corporation
Location: Springville, UTTweet This • Search All PPP Data
UMC, Inc. is a subchapter s corporation located at 1148 N 450 West in Springville, Utah that received a Coronavirus-related PPP loan from the SBA of $3,649,765.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
UMC, Inc. in Springville, UT received a Paycheck Protection Loan of $3.65M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, UMC, Inc.'s total 2019 payroll expenses were approximately $17.52M in order to qualify for the PPP loan amount received.
Based on their reported 300 jobs retained, this equals an estimated average yearly compensation of $58,396 per employee1.
Business Information - UMC, Inc. in Springville, UT
1148 N 450 West
Springville, UT 84663
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: UT-03
Similar Companies near Springville
In the Springville area, 12 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 300) and received an average PPP loan of $431,159 (compared to this company's $3.65M).
Similar Nearby Businesses Who Received PPP Funding:
Jarvis Plumbing Inc
Fahrenheit Heating And Air Conditioning
Barwick Heating & Cooling, LLC
Complete Comfort Heating & Air Conditioning, Inc.
Western States Mechanical, Inc.
Dependable Home Services
Guyam Heating Cooling Refrigeration Inc
Lakeview Plumbing Inc
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, 96% lower than UMC, Inc.'s reported 300 employees, and received an average PPP loan of $154,981, 96% lower than this company's loan of $3.65M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!