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PPP Loan Data — Advanced Micro-Electronics, Vincennes, IN

SBA PPP loan data, payroll data, and salaries for Advanced Micro-Electronics
IN

Advanced Micro-Electronics

Entity: Employee Stock Ownership Plan (esop)

Industry: Other Construction Material Merchant Wholesalers

Location: Vincennes, IN

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Advanced Micro-Electronics is an employee stock ownership plan (esop) located at 6001old Highway 50 in Vincennes, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,609,256.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.61M

Jobs Retained:

201

Loan Approved:

2020-04-08

Lender:

GERMAN AMERICAN BANK

Advanced Micro-Electronics received a Paycheck Protection Loan of $2.61M through GERMAN AMERICAN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Advanced Micro-Electronics' total 2019 payroll expenses were approximately $12.52M in order to qualify for the PPP loan amount received.

Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $62,311 per employee1.

Because the loan received by Advanced Micro-Electronics 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 - Advanced Micro-Electronics in Vincennes, IN

Advanced Micro-Electronics
6001old Highway 50
Vincennes, IN 47591

Business Industry

Other Construction Material Merchant Wholesalers (NAICS code 423390)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-08

Similar Companies near Vincennes

In the Vincennes area, 2 businesses in the "Other Construction Material Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 189 employees (compared to this company's 201) and received an average PPP loan of $2,212,726 (compared to this company's $2.61M).

Similar Nearby Businesses Who Received PPP Funding:

NC, Inc
Vincennes, IN

$1.82M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,198 businesses in the "Other Construction Material Merchant Wholesalers" industry received a total of $354,432,196.00 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 12 employees, 94% lower than Advanced Micro-Electronics' reported 201 employees, and received an average PPP loan of $161,252, 94% lower than this company's loan of $2.61M.

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/advanced-micro-electronics-vincennes-in