PPP Loan Data — Woodfin Heating, Inc., Richmond, VA
Woodfin Heating, Inc.
Entity: Subchapter S Corporation
Industry: Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)
Location: Richmond, VATweet This • Search All PPP Data
Woodfin Heating, Inc. is a subchapter s corporation located at 1823 N Hamilton Street in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Woodfin Heating, Inc. received a Paycheck Protection Loan of $10M through TOWNE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Woodfin Heating, Inc.'s total 2019 payroll expenses were approximately $48M in order to qualify for the PPP loan amount received.
Unlike most businesses, Woodfin Heating, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Woodfin Heating, Inc. in Richmond, VA
1823 N Hamilton Street
Richmond, VA 23230
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-04
Similar Companies near Richmond
In the Richmond area, 2 businesses in the "Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)" industry received a PPP loan. These local businesses reported an average of 25 employees (compared to this company's 0) and received an average PPP loan of $5,262,850 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Rockingham Petroleum Cooperative, Inc
Industry PPP Comparison Statistics
Nationwide, 2,382 businesses in the "Petroleum and Petroleum Products Merchant Wholesalers (except Bulk Stations and Terminals)" industry received a total of $553,390,948.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 18 employees, and received an average PPP loan of $232,322, 98% lower than this company's loan of $10M.
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