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PPP Loan Data — Waldrop Inc,
Greer, SC
Waldrop Inc
Entity: Subchapter S Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Greer, SC
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Waldrop Inc is a subchapter s corporation located at 331 S Hammett Rd in Greer, South Carolina that received a Coronavirus-related PPP loan from the SBA of $2,433,336.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
176Loan Approved:
2020-04-10Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COWaldrop Inc in Greer, SC received a Paycheck Protection Loan of $2.43M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Waldrop Inc's total 2019 payroll expenses were approximately $11.68M in order to qualify for the PPP loan amount received.
Based on their reported 176 jobs retained, this equals an estimated average yearly compensation of $66,364 per employee1.
Business Information - Waldrop Inc in Greer, SC
331 S Hammett Rd
Greer, SC 29651
Business Industry
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: SC-04Similar Companies near Greer
In the Greer area, 21 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 176) and received an average PPP loan of $276,395 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
Palmetto Air & Water Balance-Charlotte Inc
Greer, SC
Plumbing Pros LLC
Greer, SC
Palmetto Air & Water Balance, Inc.
Greer, SC
Lee Commercial Services LLC
Greer, SC
Upstate Plumbing Inc.
Greer, SC
T S C, Inc.
Greer, SC
Superior Plumbing Services LLC
Greer, SC
H2Flow LLC
Greer, SC
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, 94% lower than Waldrop Inc's reported 176 employees, and received an average PPP loan of $154,981, 94% lower than this company's loan of $2.43M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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