PPP Loan Data — Worth Air Heating & Cooling Inc, Sylvester, GA
Worth Air Heating & Cooling Inc
Industry: Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use
Location: Sylvester, GATweet This • Search All PPP Data
Worth Air Heating & Cooling Inc is a corporation located at 110 E Kelly St in Sylvester, Georgia that received a Coronavirus-related PPP loan from the SBA of $46,766.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The First, A National Banking Association
Worth Air Heating & Cooling Inc in Sylvester, GA received a Paycheck Protection Loan of $46,766 through The First, A National Banking Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Worth Air Heating & Cooling Inc's 2019 payroll expenses are estimated to be at least $224,477.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,895 per employee1
Reported PPP Proceed Usage:
On the PPP application, Worth Air Heating & Cooling Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,413
- Utilities: $1,500
- Debt Interest: $7,853
Business Information - Worth Air Heating & Cooling Inc in Sylvester, GA
110 E Kelly St
Sylvester, GA 31791
Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use
NAICS code 334512
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Sylvester
In the Sylvester area, 2 businesses in the "Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 5) and received an average PPP loan of $87,333 (compared to this company's $46,766).
Similar Nearby Businesses Who Received PPP Funding:
Southland Controls LLC
Industry PPP Comparison Statistics
Nationwide, 588 businesses in the "Automatic Environmental Control Manufacturing for Residential, Commercial, and Appliance Use" industry received a total of $120.34M 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 16 employees, 220% higher than Worth Air Heating & Cooling Inc's reported 5 employees, and received an average PPP loan of $204,667, 338% higher than this company's loan of $46,766.
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