PPP Loan Data — Vasey Commercial Heating & Air Conditioning, Inc, Zionsville, IN
Vasey Commercial Heating & Air Conditioning, Inc
Location: Zionsville, INTweet This • Search All PPP Data
Vasey Commercial Heating & Air Conditioning, Inc is a corporation located at 10830 Andrade Drive in Zionsville, Indiana that received a Coronavirus-related PPP loan from the SBA of $1,544,100.00 in April, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least 89 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Huntington National Bank
Vasey Commercial Heating & Air Conditioning, Inc in Zionsville, IN received a Paycheck Protection Loan of $1.54M through The Huntington National Bank, 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, Vasey Commercial Heating & Air Conditioning, Inc's 2019 payroll expenses are estimated to be at least $7.41M.
Based on their reported 89 jobs retained, this equals an estimated average yearly compensation of $83,277 per employee1
Reported PPP Proceed Usage:
On the PPP application, Vasey Commercial Heating & Air Conditioning, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,544,100
Business Information - Vasey Commercial Heating & Air Conditioning, Inc in Zionsville, IN
10830 Andrade Drive
Zionsville, IN 46077
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Race: Black or African American
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 Zionsville
In the Zionsville area, 6 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 89) and received an average PPP loan of $390,133 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
Earl Russell Heating & Cooling Inc
CK Opportunities, Inc
Control Tech Heating & Air Conditioning, 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, 89% lower than Vasey Commercial Heating & Air Conditioning, Inc's reported 89 employees, and received an average PPP loan of $123,520, 92% lower than this company's loan of $1.54M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!