PPP Loan Data — Adventure Lands Of America, Inc, Altoona, IA
Adventure Lands Of America, Inc is a subchapter s corporation located at 305 34th Ave Nw in Altoona, Iowa that received a Coronavirus-related PPP loan from the SBA of $2,971,775.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Adventure Lands Of America, Inc in Altoona, IA received a Paycheck Protection Loan of $2.97M through CENTRAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Adventure Lands Of America, Inc's total 2019 payroll expenses were approximately $14.26M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $28,529 per employee1.
Business Information - Adventure Lands Of America, Inc in Altoona, IA
305 34th Ave Nw
Altoona, IA 50009
Hotels (except Casino Hotels) and Motels (NAICS code 721110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IA-03
Similar Companies near Altoona
In the Altoona area, 9 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a PPP loan. These local businesses reported an average of 68 employees (compared to this company's 500) and received an average PPP loan of $384,450 (compared to this company's $2.97M).
Similar Nearby Businesses Who Received PPP Funding:
Shree Ridhi Sidhi
JAI Ganesh, Inc
Altoona Holdings, LLC
Cloud 9 Altoona Inc
Orchestrate Management Associates III, LLC
Lvsm Holdings, LLC
Shree Shayona LLC
Industry PPP Comparison Statistics
Nationwide, 41,528 businesses in the "Hotels (except Casino Hotels) and Motels" industry received a total of $6,692,184,447.00 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 21 employees, 96% lower than Adventure Lands Of America, Inc's reported 500 employees, and received an average PPP loan of $161,149, 95% lower than this company's loan of $2.97M.
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, 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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