PPP Loan Data — Valve & Actuation Services, LLC, Watkinsville, GA
Valve & Actuation Services, LLC
Entity: Limited Liability Company (LLC)
Location: Watkinsville, GATweet This • Search All PPP Data
Valve & Actuation Services, LLC is a limited liability company (LLC) located at 1050 Industrial Blvd in Watkinsville, Georgia that received a Coronavirus-related PPP loan from the SBA of $1,872,793.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:South State Bank, National Association
Valve & Actuation Services, LLC in Watkinsville, GA received a Paycheck Protection Loan of $1.87M through South State Bank, National Association, 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 April, 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, Valve & Actuation Services, LLC's 2019 payroll expenses are estimated to be at least $8.99M.
Based on their reported 141 jobs retained, this equals an estimated average yearly compensation of $63,755 per employee1
Reported PPP Proceed Usage:
On the PPP application, Valve & Actuation Services, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,872,793
Business Information - Valve & Actuation Services, LLC in Watkinsville, GA
1050 Industrial Blvd
Watkinsville, GA 30677
Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers
NAICS code 423720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 4,248 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $720.86M 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 13 employees, 91% lower than Valve & Actuation Services, LLC's reported 141 employees, and received an average PPP loan of $169,693, 91% lower than this company's loan of $1.87M.
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Footnotes & Information
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