PPP Loan Data — Aktion Associates, Inc, Maumee, OH
Aktion Associates, Inc is a subchapter s corporation located at 1687 Woodlands Dr. in Maumee, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,155,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 160 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Aktion Associates, Inc received a Paycheck Protection Loan of $3.16M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Aktion Associates, Inc's total 2019 payroll expenses were approximately $15.14M in order to qualify for the PPP loan amount received.
Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $94,653 per employee1.
Business Information - Aktion Associates, Inc in Maumee, OH
1687 Woodlands Dr.
Maumee, OH 43537
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: OH-05
Similar Companies near Maumee
In the Maumee area, 7 businesses in the "Custom Computer Programming Services" industry received a PPP loan. These local businesses reported an average of 31 employees (compared to this company's 160) and received an average PPP loan of $532,280 (compared to this company's $3.16M).
Similar Nearby Businesses Who Received PPP Funding:
MGM Communications LLC
Interface Automation, LLC
Scottfree Analytics LLC
Launch Thought Productions, Inc.
Scottfree Gains LLC
Nysus Solutions LLC
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 93% lower than Aktion Associates, Inc's reported 160 employees, and received an average PPP loan of $200,633, 94% lower than this company's loan of $3.16M.
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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