PPP Loan Data — Uniweld Products Inc, Dania Beach, FL
Uniweld Products Inc
Industry: Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
Location: Dania Beach, FLTweet This • Search All PPP Data
Uniweld Products Inc is a corporation located at 2850 Ravenswood Road in Dania Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $1,573,937.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Uniweld Products Inc in Dania Beach, FL received a Paycheck Protection Loan of $1.57M through TD Bank, National Association, which was approved in April, 2020.
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, Uniweld Products Inc's 2019 payroll expenses are estimated to be at least $7.55M.
Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $40,401 per employee1
Reported PPP Proceed Usage:
On the PPP application, Uniweld Products Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,573,937
Business Information - Uniweld Products Inc in Dania Beach, FL
2850 Ravenswood Road
Dania Beach, FL 33312
Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing
NAICS code 333415
Business Owner Demographics
Veteran Status: Unreported
Business Age: Change of Ownership
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dania Beach
In the Dania Beach area, 6 businesses in the "Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 33 employees (compared to this company's 187) and received an average PPP loan of $281,861 (compared to this company's $1.57M).
Similar Nearby Businesses Who Received PPP Funding:
Fort Lauderdale, FL
Drinkable Air Technologies LLC
Oakland Park, FL
Fort Lauderdale, FL
Lauderdale Lakes, FL
Industry PPP Comparison Statistics
Nationwide, 2,606 businesses in the "Air-Conditioning and Warm Air Heating Equipment and Commercial and Industrial Refrigeration Equipment Manufacturing" industry received a total of $490.48M 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 16 employees, 91% lower than Uniweld Products Inc's reported 187 employees, and received an average PPP loan of $188,212, 88% lower than this company's loan of $1.57M.
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