PPP Loan Data — West Metro Mechanical Inc., Green Isle, MN
West Metro Mechanical Inc.
Entity: Subchapter S Corporation
Location: Green Isle, MNTweet This • Search All PPP Data
West Metro Mechanical Inc. is a subchapter s corporation located at 39354 200th St in Green Isle, Minnesota that received a Coronavirus-related PPP loan from the SBA of $24,300.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
$ PPP Loan Information
Lender:CITIZENS STATE BANK NORWOOD YOUNG AMERICA
West Metro Mechanical Inc. received a Paycheck Protection Loan of $24,300 through CITIZENS STATE BANK NORWOOD YOUNG AMERICA, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, West Metro Mechanical Inc.'s total 2019 payroll expenses were approximately $116,640 in order to qualify for the PPP loan amount received.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,160 per employee1.
Business Information - West Metro Mechanical Inc. in Green Isle, MN
39354 200th St
Green Isle, MN 55338
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MN-07
Similar Companies near Green Isle
In the Green Isle area, 12 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 4) and received an average PPP loan of $488,221 (compared to this company's $24,300).
Similar Nearby Businesses Who Received PPP Funding:
Klamm Mechanical Contractors, Inc.
Swanson Plumbing Inc
Street Plumbing Inc
Genz-Ryan Plumbing And Heating
Angell Aire, Inc.
Archer Mechanical LLC
Walter Mechanical Incorporated
Burnsville Heating & Air Conditioning, Inc.
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, 175% higher than West Metro Mechanical Inc.'s reported 4 employees, and received an average PPP loan of $154,981, 538% higher than this company's loan of $24,300.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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