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PPP Loan Data — Air Hydro Power, LLC, Louisville, KY

SBA PPP loan data, payroll data, and salaries for Air Hydro Power, LLC
KY

Air Hydro Power, LLC

Entity: Limited Liability Company (LLC)

Industry: Industrial Machinery and Equipment Merchant Wholesalers

Location: Louisville, KY

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Air Hydro Power, LLC is a limited liability company (LLC) located at 2550 Blankenbaker Pkwy in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,377,100.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.38M

Jobs Retained:

224

Loan Approved:

2020-04-08

Lender:

CITIZENS UNION BANK OF SHELBYVILLE

Air Hydro Power, LLC received a Paycheck Protection Loan of $3.38M through CITIZENS UNION BANK OF SHELBYVILLE, which was approved in April, 2020.

Based on standard PPP eligibility rules, Air Hydro Power, LLC's total 2019 payroll expenses were approximately $16.21M in order to qualify for the PPP loan amount received.

Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $72,366 per employee1.

Because the loan received by Air Hydro Power, 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 - Air Hydro Power, LLC in Louisville, KY

Air Hydro Power, LLC
2550 Blankenbaker Pkwy
Louisville, KY 40299

Business Industry

Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KY-04

Similar Companies near Louisville

In the Louisville area, 3 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 224) and received an average PPP loan of $1,262,400 (compared to this company's $3.38M).

Industry PPP Comparison Statistics

Nationwide, 7,320 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $1,713,685,837.00 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 15 employees, 93% lower than Air Hydro Power, LLC's reported 224 employees, and received an average PPP loan of $234,110, 93% lower than this company's loan of $3.38M.

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.

Search FederalPay's Full PPP Loan Database

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/air-hydro-power-llc-louisville-ky