PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Information — ADTRAV CORPORATION

SBA PPP loan data, payroll data, and salaries for
AL

ADTRAV CORPORATION

Business Type: Corporation

Industry: Travel Agencies

Location: BIRMINGHAM, AL

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ADTRAV CORPORATION is a corporation located in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of at least $2,000,000.00 in April, 2020.

PPP Loan Information

Loan Size:

$2M to $5M

Jobs Retained:

322

Loan Approved:

2020-04-07

Lender:

NobleBank & Trust

ADTRAV CORPORATION received a Paycheck Protection Loan of between 2M and 5M through NobleBank & Trust, which was approved in April, 2020.

Based on standard PPP eligibility rules, ADTRAV CORPORATION's total 2019 payroll expenses were between $9.6M and $24M in order to qualify for the PPP loan amount received. Based on their reported 322 jobs retained, this equals an estimated average yearly compensation between $29,814 and $74,534 per employee1.

Because the loan received by ADTRAV 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 - ADTRAV CORPORATION in BIRMINGHAM, AL

ADTRAV CORPORATION
4555 Southlake Parkway
BIRMINGHAM, AL 35244

Business Industry

Travel Agencies (NAICS code 561510)

Business Owner Demographics

Race / Ethnicity: Unanswered

Gender: Unanswered

Veteran Status: Unanswered

AL - 06


Employee Statistics

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for private companies that received a PPP loan of $150,000 or over. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.


Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/1708-mcdowell-plaza-llc-phoenix-az