PPP Loan Information — AAA AEROSPACE USA INC
AAA AEROSPACE USA INC is a corporation located in Mobile, Alabama that received a Coronavirus-related PPP loan from the SBA of at least $350,000.00 in May, 2020.
PPP Loan Information
Lender:Community Bank of Mississippi
AAA AEROSPACE USA INC received a Paycheck Protection Loan of between 350,000 and 1M through Community Bank of Mississippi, which was approved in May, 2020.
Based on standard PPP eligibility rules, AAA AEROSPACE USA INC's total 2019 payroll expenses were between $1.68M and $4.8M in order to qualify for the PPP loan amount received. Based on their reported 62 jobs retained, this equals an estimated average yearly compensation between $27,097 and $77,419 per employee1.
Business Information - AAA AEROSPACE USA INC in MOBILE, AL
1812 15TH ST
MOBILE, AL 36615
Research and Development in the Physical, Engineering, and Life Sciences (except Nanotechnology and Biotechnology) (NAICS code 541715)
Business Owner Demographics
Race / Ethnicity: Unanswered
Gender: Male Owned
Veteran Status: Non-VeteranAL - 01
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.