Building Equipment Contractors

NAICS 2382 · Construction sector · 193,975 loans · $26.02B

Total Loans
193,975
Total Approved
$26.02B
Avg $134,116/loan
Loans Forgiven
184,812
95.3% forgiveness rate
Amount Forgiven
$25.68B
Jobs Reported
2,115,811

Businesses and organizations in the Building Equipment Contractors industry (NAICS code 2382, part of the Construction sector) received 193,975 PPP loans totaling $26.02B during the COVID-19 pandemic.

The average loan for this industry was $134,116 — above the national PPP average of approximately $67,000. This reflects the small business character of most participants in this industry, typically sole proprietors and micro-businesses with modest payroll obligations.

95.3% of loans in this industry were forgiven — totaling $25.68B. To qualify for forgiveness, borrowers had to demonstrate that they maintained headcount and compensation levels and used at least 60% of loan proceeds for payroll expenses.

Notable recipients in this industry include STAFF ELECTRIC CO., INC. of MENOMONEE FALLS, WI ($10,000,000); OCEAN PARK MECHANICAL INC of TUKWILA, WA ($10,000,000); and UNIVERSITY MECHANICAL CONTRACTORS, INC. of MUKILTEO, WA ($10,000,000).

The loan amount distribution for this industry shows a more even spread across loan sizes, suggesting a mix of small and mid-sized businesses. Because borrower names are withheld for loans under $150,000, a substantial portion of recipients in this industry may not appear by name in this dataset.

As part of the broader Construction sector — building construction, heavy and civil engineering construction, and specialty trade contractors. — businesses in NAICS 2382 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.

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