Commercial and Industrial Machinery and Equipment Repair and Maintenance

Businesses and organizations in the Commercial and Industrial Machinery and Equipment Repair and Maintenance industry (NAICS code 8113, part of the Other Services (except Public Administration) sector) received 22,180 PPP loans totaling $2.26B during the COVID-19 pandemic.

The average loan for this industry was $102,118 — 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.

97.2% of loans in this industry were forgiven — totaling $2.24B. 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 TRANSEL ELEVATOR & ELECTRIC INC of LONG ISLAND CITY, NY ($9,848,266); NATIONAL BOILER SERVICE, INC. of TRENTON, GA ($8,322,500); and COMMERCIAL FOOD SERVICE REPAIR INC of GREENVILLE, SC ($8,289,600).

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 Other Services (except Public Administration) sector — repair and maintenance, personal, religious, grantmaking, civic, and similar organizations. — businesses in NAICS 8113 were particularly reliant on PPP assistance to bridge the gap between declining revenues and fixed overhead obligations during the shutdown period.