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

PPP Loan Information — I. C. E. SERVICES, INC

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

I. C. E. SERVICES, INC

Business Type: Corporation

Industry: Food Service Contractors

Location: ANCHORAGE, AK

Search PPP Data

I. C. E. SERVICES, INC is a corporation located in Anchorage, Alaska that received a Coronavirus-related PPP loan from the SBA of at least $5,000,000.00 in April, 2020.

PPP Loan Information

Loan Size:

$5M to $10M
Likely Actual Range:
$5M to $7.65M

Jobs Retained:

367

Loan Approved:

2020-04-11

Lender:

KeyBank National Association

I. C. E. SERVICES, INC received a Paycheck Protection Loan of between 5M and 10M through KeyBank National Association, which was approved in April, 2020.

When accounting for 367 claimed employees and the PPP salary cap of $100k per employee, the actual maximum PPP received by this business is likely $7.65M2.

Based on standard PPP eligibility rules, I. C. E. SERVICES, INC's total 2019 payroll expenses were between $24M and $36.7M+ in order to qualify for the PPP loan amount received. Based on their reported 367 jobs retained, this equals an estimated average yearly compensation between $65,395 and $100,000+ per employee1.

Because the loan received by I. C. E. SERVICES, INC 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 - I. C. E. SERVICES, INC in ANCHORAGE, AK

I. C. E. SERVICES, INC
2606 C Street
ANCHORAGE, AK 99503

Business Industry

Food Service Contractors (NAICS code 722310)

Business Owner Demographics

Race / Ethnicity: Unanswered

Gender: Unanswered

Veteran Status: Unanswered

AK - 00

Similar Nearby Businesses Who Received PPP Funding:

ALASKA ARTIC CATERING & SUPPORT SVCS, INC
($350,000-1 million)


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/3-machados-dairy-inc-merced-ca