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PPP Loan Data — ACE Asphalt Of Arizona, Inc, Phoenix, AZ

SBA PPP loan data, payroll data, and salaries for ACE Asphalt Of Arizona, Inc
AZ

ACE Asphalt Of Arizona, Inc

Entity: Corporation

Industry: All Other Specialty Trade Contractors

Location: Phoenix, AZ

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ACE Asphalt Of Arizona, Inc is a corporation located at 3030 S 7th St in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $4,980,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.98M

Jobs Retained:

353

Loan Approved:

2020-04-07

Lender:

PNC BANK, NATIONAL ASSOCIATION

ACE Asphalt Of Arizona, Inc received a Paycheck Protection Loan of $4.98M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, ACE Asphalt Of Arizona, Inc's total 2019 payroll expenses were approximately $23.91M in order to qualify for the PPP loan amount received.

Based on their reported 353 jobs retained, this equals an estimated average yearly compensation of $67,722 per employee1.

Because the loan received by ACE Asphalt Of Arizona, 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 - ACE Asphalt Of Arizona, Inc in Phoenix, AZ

ACE Asphalt Of Arizona, Inc
3030 S 7th St
Phoenix, AZ 85040

Business Industry

All Other Specialty Trade Contractors (NAICS code 238990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: AZ-07

Similar Companies near Phoenix

In the Phoenix area, 18 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 41 employees (compared to this company's 353) and received an average PPP loan of $506,100 (compared to this company's $4.98M).

Industry PPP Comparison Statistics

Nationwide, 44,474 businesses in the "All Other Specialty Trade Contractors" industry received a total of $5,068,221,395.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 9 employees, 97% lower than ACE Asphalt Of Arizona, Inc's reported 353 employees, and received an average PPP loan of $113,959, 98% lower than this company's loan of $4.98M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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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.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ace-asphalt-of-arizona-inc-phoenix-az