PPP Loan Data — W.j. O'neil Co, Livonia, MI
W.j. O'neil Co
Location: Livonia, MITweet This • Search All PPP Data
W.j. O'neil Co is a corporation located at 35457 Industrial Rd in Livonia, Michigan that received a Coronavirus-related PPP loan from the SBA of $6,026,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 355 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
W.j. O'neil Co in Livonia, MI received a Paycheck Protection Loan of $6.03M through Comerica 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, W.j. O'neil Co's 2019 payroll expenses are estimated to be at least $28.93M.
Based on their reported 355 jobs retained, this equals an estimated average yearly compensation of $81,488 per employee1
Reported PPP Proceed Usage:
On the PPP application, W.j. O'neil Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $4,821,412
- Rent: $1,205,288
Business Information - W.j. O'neil Co in Livonia, MI
35457 Industrial Rd
Livonia, MI 48150
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Livonia
In the Livonia area, 34 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 355) and received an average PPP loan of $409,989 (compared to this company's $6.03M).
Similar Nearby Businesses Who Received PPP Funding:
MDI Comfort Systems Inc
Temperature Services, Inc
Alpha Mechanical Service Group LLC
Alpha Mechanical Service Group, LLC
Guardian Plumbing & Heating, Inc
Quality Heating & Cooling Inc
Clear Water Pool And Spa Inc
Crain Heating And Cooling LLC
Industry PPP Comparison Statistics
Nationwide, 92,266 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $12.59B 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, 97% lower than W.j. O'neil Co's reported 355 employees, and received an average PPP loan of $136,477, 98% lower than this company's loan of $6.03M.
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