Ambient Air Corporation
PPP Loan Data — Ambient Air Corporation, Panama City, FL
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Panama City, FL
Ambient Air Corporation is a corporation located at 618 W Baldwin Rd in Panama City, Florida that received a Coronavirus-related PPP loan from the SBA of $3,378,700.00 in April, 2020.
Ambient Air Corporation in Panama City, FL received a Paycheck Protection Loan of $3.38M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Ambient Air Corporation's total 2019 payroll expenses were approximately $16.22M in order to qualify for the PPP loan amount received.
Because the loan received by Ambient Air Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.
Business Information - Ambient Air Corporation in Panama City, FL
618 W Baldwin Rd
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Congressional District: FL-02
Similar Companies near Panama City
In the Panama City area, 12 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 322) and received an average PPP loan of $335,312 (compared to this company's $3.38M).
Ideal Climate Experts LLC
Alexander Air Conditioning Inc
Billy Graham's AC & Heating, LLC
Barefoot Plumbling, Inc.
Murphy's Plumbing Service LLC
The Drain Doctor
Bailey's Air Conditioning And Heating, LLC
Ridge Heating And Air Conditioning, Inc.
Northside Sheetmetal, Inc.
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, 97% lower than Ambient Air Corporation's reported 322 employees, and received an average PPP loan of $154,981, 95% lower than this company's loan of $3.38M.
Source: www.federalpay.org/paycheck-protection-program/ambient-air-corporation-panama-city-fl