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

PPP Loan Data — Acromil LLC, City Of Industry, CA

ALERT: There are 2 PPP loans for a total of $5.63M in our database for businesses with the name "Acromil LLC" in City Of Industry, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Acromil LLC
CA

Acromil LLC

Entity: Limited Liability Company (LLC)

Industry: Other Aircraft Parts and Auxiliary Equipment Manufacturing

Location: City Of Industry, CA

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Acromil LLC is a limited liability company (LLC) located at 18421 Railroad St in City Of Industry, California that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

$ PPP Loan Information
Loan #9704978303

Loan Size:

$2M

Jobs Retained:

187

Loan Approved:

2021-01-31

Loan Status:

Paid in Full or Forgiven

Lender:

American Business Bank

Acromil LLC in City Of Industry, CA received a Paycheck Protection Loan of $2M through American Business Bank, which was approved in January, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Acromil LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 187 jobs retained, this equals an estimated average yearly compensation of $51,337 per employee1

Reported PPP Proceed Usage:

On the PPP application, Acromil LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,999,998
  • Utilities: $1
Because the loan received by Acromil LLC 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 - Acromil LLC in City Of Industry, CA

Acromil LLC
18421 Railroad St
City Of Industry, CA 91748

Business Industry:
Other Aircraft Parts and Auxiliary Equipment Manufacturing
NAICS code 336413

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-32

Similar Companies near City Of Industry

In the City Of Industry area, 2 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 97 employees (compared to this company's 187) and received an average PPP loan of $1,059,069 (compared to this company's $2M).

Similar Nearby Businesses Who Received PPP Funding:

Upcac Co., LTD
City Of Industry, CA

$118,137 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,481 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a total of $645.73M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 34 employees, 82% lower than Acromil LLC's reported 187 employees, and received an average PPP loan of $436,008, 78% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Acromil LLC
CA

Acromil LLC

Entity: Limited Liability Company (LLC)

Industry: Machine Shops

Location: City Of Industry, CA

Search All PPP Data

Acromil LLC is a limited liability company (LLC) located at 18421 Railroad St in City Of Industry, California that received a Coronavirus-related PPP loan from the SBA of $3,633,600.00 in April, 2020.

$ PPP Loan Information
Loan #7575657004

Loan Size:

$3.63M

Jobs Retained:

215

Loan Approved:

2020-04-07

Loan Status:

Paid in Full or Forgiven

Lender:

American Business Bank

Acromil LLC in City Of Industry, CA received a Paycheck Protection Loan of $3.63M through American Business Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Acromil LLC's 2019 payroll expenses are estimated to be at least $17.44M.

Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $81,122 per employee1

Reported PPP Proceed Usage:

On the PPP application, Acromil LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,725,200
  • Utilities: $216,480
  • Rent: $261,820
  • Health Care: $311,800
  • Debt Interest: $118,300
Because the loan received by Acromil LLC 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 - Acromil LLC in City Of Industry, CA

Acromil LLC
18421 Railroad St
City Of Industry, CA 91748

Business Industry:
Machine Shops
NAICS code 332710

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: N

Rural / Urban: Urban

Los Angeles County, CA — SBA Office 0914 — Congressional District: CA-32

Industry PPP Comparison Statistics

Nationwide, 16,517 businesses in the "Machine Shops" industry received a total of $2.92B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 15 employees, 93% lower than Acromil LLC's reported 215 employees, and received an average PPP loan of $176,761, 95% lower than this company's loan of $3.63M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/acromil-llc-city-of-industry-ca