PPP Loan Data — ACE Asphalt Of Arizona, Inc, Phoenix, AZ
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
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.
Business Information - ACE Asphalt Of Arizona, Inc in Phoenix, AZ
3030 S 7th St
Phoenix, AZ 85040
All Other Specialty Trade Contractors (NAICS code 238990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Phoenix Fence Company
Northman Marble And Granite, LLC
Ironman Fence, LLC
Buffalo Plastering Inc
TSS Enterprises Inc
Automatic Gates For Less LLC
Apache Concrete Cutting, Inc.
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.
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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