PPP Loan Data — Air Hydro Power, LLC, Louisville, KY
Air Hydro Power, LLC
Entity: Limited Liability Company (LLC)
Location: Louisville, KYTweet This • Search All PPP Data
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
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.
Business Information - Air Hydro Power, LLC in Louisville, KY
2550 Blankenbaker Pkwy
Louisville, KY 40299
Industrial Machinery and Equipment Merchant Wholesalers (NAICS code 423830)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Top Line Material Handling, Inc
Flexo Wash LLC
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.
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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