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PPP Loan Data — Agilis Engineering Inc,
Palm Beach Gardens, FL
Agilis Engineering Inc
Entity: Corporation
Industry: Engineering Services
Location: Palm Beach Gardens, FL
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Agilis Engineering Inc is a corporation located at 3930 Rca Blvd Ste 3000 in Palm Beach Gardens, Florida that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.
$
PPP Loan Information
Loan #4151588605
Loan Size:
Jobs Retained:
190Loan Approved:
2021-03-18Loan Status:
Active Un-DisbursedLender:
Truist Bank d/b/a Branch Banking & Trust CoAgilis Engineering Inc in Palm Beach Gardens, FL received a Paycheck Protection Loan of $2M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in March, 2021.
While this loan has been approved by the Small Business Administration, the lender has not reported to the SBA that the loan funds were disbursed to the borrower. According to SBA records, a total of $2M in approved PPP funding has not been disbursed. The loan's status was last updated by the SBA in March, 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 MoreUnderstanding 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 MoreBased 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, Agilis Engineering Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $50,526 per employee1
Reported PPP Proceed Usage:
On the PPP application, Agilis Engineering Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,000,000
Business Information - Agilis Engineering Inc in Palm Beach Gardens, FL
3930 Rca Blvd Ste 3000
Palm Beach Gardens, FL 33410
Business Industry:
Engineering Services
NAICS code 541330
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: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Palm Beach Gardens
In the Palm Beach Gardens area, 47 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 190) and received an average PPP loan of $425,052 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Efren Sanchez Bracco
Palm Beach Gardens, FL
Pinder Troutman Consulting Inc
West Palm Beach, FL
Tierra South Florida Inc
West Palm Beach, FL
The Km Partners Inc
West Palm Bch, FL
Nailed It Construction Consultants, LLC
West Palm Beach, FL
Chopper Avionics Solutions LLC
Royal Palm Beach, FL
Wilex Engineering Services Corp
Royal Palm Beach, FL
Herplaz Group Inc
Palm Beach, FL
Industry PPP Comparison Statistics
Nationwide, 42,689 businesses in the "Engineering Services" industry received a total of $8.99B 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 14 employees, 93% lower than Agilis Engineering Inc's reported 190 employees, and received an average PPP loan of $210,573, 89% lower than this company's loan of $2M.
Agilis Engineering Inc
Entity: Corporation
Industry: Engineering Services
Location: Palm Beach Gardens, FL
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Agilis Engineering Inc is a corporation located at 3930 Rca Boulevard, Suite 3000 in Palm Beach Gardens, Florida that received a Coronavirus-related PPP loan from the SBA of $3,521,055.00 in April, 2020.
$
PPP Loan Information
Loan #7496157009
Loan Size:
Jobs Retained:
256Loan Approved:
2020-04-07Loan Status:
Ongoing LoanLender:
Truist Bank d/b/a Branch Banking & Trust CoAgilis Engineering Inc in Palm Beach Gardens, FL received a Paycheck Protection Loan of $3.52M through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 MoreUnderstanding 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 MoreBased 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, Agilis Engineering Inc's 2019 payroll expenses are estimated to be at least $16.9M.
Based on their reported 256 jobs retained, this equals an estimated average yearly compensation of $66,020 per employee1
Reported PPP Proceed Usage:
On the PPP application, Agilis Engineering Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $3,243,560
- Health Care: $277,495
Business Information - Agilis Engineering Inc in Palm Beach Gardens, FL
3930 Rca Boulevard, Suite 3000
Palm Beach Gardens, FL 33410
Business Industry:
Engineering Services
NAICS code 541330
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: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Palm Beach Gardens
In the Palm Beach Gardens area, 47 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 256) and received an average PPP loan of $425,052 (compared to this company's $3.52M).
Similar Nearby Businesses Who Received PPP Funding:
Efren Sanchez Bracco
Palm Beach Gardens, FL
Pinder Troutman Consulting Inc
West Palm Beach, FL
Tierra South Florida Inc
West Palm Beach, FL
The Km Partners Inc
West Palm Bch, FL
Nailed It Construction Consultants, LLC
West Palm Beach, FL
Chopper Avionics Solutions LLC
Royal Palm Beach, FL
Wilex Engineering Services Corp
Royal Palm Beach, FL
Herplaz Group Inc
Palm Beach, FL
Industry PPP Comparison Statistics
Nationwide, 42,689 businesses in the "Engineering Services" industry received a total of $8.99B 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 14 employees, 95% lower than Agilis Engineering Inc's reported 256 employees, and received an average PPP loan of $210,573, 94% lower than this company's loan of $3.52M.
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.
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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