PPP Loan Data — Westbrook Service Corporation, Orlando, FL
Westbrook Service Corporation
Location: Orlando, FLTweet This • Search All PPP Data
Westbrook Service Corporation is a corporation located at 1411 S Orange Blossom Trail in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $2,173,588.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Valley National Bank
Westbrook Service Corporation in Orlando, FL received a Paycheck Protection Loan of $2.17M through Valley National Bank, which was approved in April, 2020.
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, Westbrook Service Corporation's 2019 payroll expenses are estimated to be at least $10.43M.
Based on their reported 165 jobs retained, this equals an estimated average yearly compensation of $63,232 per employee1
Reported PPP Proceed Usage:
On the PPP application, Westbrook Service Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,173,588
Business Information - Westbrook Service Corporation in Orlando, FL
1411 S Orange Blossom Trail
Orlando, FL 32805
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Orlando
In the Orlando area, 55 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 165) and received an average PPP loan of $175,773 (compared to this company's $2.17M).
Similar Nearby Businesses Who Received PPP Funding:
Legacy Plumbing Services Inc
Ondeck Air, LLC
Emerald Plumbing Of Central Florida
A Prestige Air Conditioning & Heating Specialists Inc
Mathis & Sons Air And Heating LLC
Jonathan Chambers Thompson
Associated Piping Services 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, 94% lower than Westbrook Service Corporation's reported 165 employees, and received an average PPP loan of $123,520, 94% lower than this company's loan of $2.17M.
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Footnotes & Information
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