PPP Loan Data — Aion Management LLC, Philadelphia, PA
Aion Management LLC is a limited liability company (LLC) located at One South Broad Street in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,188,963.00 in April, 2020.
$ PPP Loan Information
Lender:VALLEY NATIONAL BANK
Aion Management LLC in Philadelphia, PA received a Paycheck Protection Loan of $3.19M through VALLEY NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Aion Management LLC's total 2019 payroll expenses were approximately $15.31M in order to qualify for the PPP loan amount received.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $73,591 per employee1.
Business Information - Aion Management LLC in Philadelphia, PA
One South Broad Street
Philadelphia, PA 19107
Nonresidential Property Managers (NAICS code 531312)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-03
Similar Companies near Philadelphia
In the Philadelphia area, 4 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 208) and received an average PPP loan of $819,195 (compared to this company's $3.19M).
Similar Nearby Businesses Who Received PPP Funding:
Alinea Capital Group LLC
LEX General Construction Inc
Meritis Group LLC
Industry PPP Comparison Statistics
Nationwide, 7,563 businesses in the "Nonresidential Property Managers" industry received a total of $894,646,174.00 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 10 employees, 95% lower than Aion Management LLC's reported 208 employees, and received an average PPP loan of $118,292, 96% lower than this company's loan of $3.19M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!