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PPP Loan Data — Advanced Micro-Electronics,
Vincennes, 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:
Jobs Retained:
201Loan Approved:
2020-04-08Lender:
GERMAN AMERICAN BANKAdvanced 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.
Business Information - Advanced Micro-Electronics in Vincennes, IN
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-08Similar 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
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.
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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