ACE World Wide Holdings, Inc. in Cudahy, WI - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — ACE World Wide Holdings, Inc., Cudahy, WI

ACE World Wide Holdings, Inc.

Entity: Subchapter S Corporation

Industry: Used Household and Office Goods Moving

Location: Cudahy, WI

ACE World Wide Holdings, Inc. is a subchapter s corporation located at 1900 E College Avenue in Cudahy, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,875,407.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.88M

Jobs Retained:

235

Loan Approved:

2020-04-09

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

ACE World Wide Holdings, Inc. received a Paycheck Protection Loan of $2.88M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, ACE World Wide Holdings, Inc.'s total 2019 payroll expenses were approximately $13.8M in order to qualify for the PPP loan amount received.

Based on their reported 235 jobs retained, this equals an estimated average yearly compensation of $58,732 per employee¹.

Because the loan received by ACE World Wide Holdings, 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 World Wide Holdings, Inc. in Cudahy, WI

ACE World Wide Holdings, Inc.
1900 E College Avenue
Cudahy, WI 53110

Business Industry

Used Household and Office Goods Moving (NAICS code 484210)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-04

Industry PPP Comparison Statistics

Nationwide, 4,016 businesses in the "Used Household and Office Goods Moving" industry received a total of $552,575,618.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, 94% lower than ACE World Wide Holdings, Inc.'s reported 235 employees, and received an average PPP loan of $137,594, 95% lower than this company's loan of $2.88M.

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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