PPP Loan Data — Waldrop Inc, Greer, SC
Entity: Subchapter S Corporation
Location: Greer, SCTweet This • Search All PPP Data
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
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Waldrop 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
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: SC-04
Similar 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
Plumbing Pros LLC
Palmetto Air & Water Balance, Inc.
Lee Commercial Services LLC
Upstate Plumbing Inc.
T S C, Inc.
Superior Plumbing Services LLC
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.
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