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PPP Loan Data — Aion Management LLC, Philadelphia, PA

SBA PPP loan data, payroll data, and salaries for Aion Management LLC
PA

Aion Management LLC

Entity: Limited Liability Company (LLC)

Industry: Nonresidential Property Managers

Location: Philadelphia, PA

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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

Loan Size:

$3.19M

Jobs Retained:

208

Loan Approved:

2020-04-10

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.

Because the loan received by Aion Management LLC 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 - Aion Management LLC in Philadelphia, PA

Aion Management LLC
One South Broad Street
Philadelphia, PA 19107

Business Industry

Nonresidential Property Managers (NAICS code 531312)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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/aion-management-llc-philadelphia-pa