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PPP Loan Data — All American School Bus Corp., Astoria, NY

SBA PPP loan data, payroll data, and salaries for All American School Bus Corp.
NY

All American School Bus Corp.

Entity: Corporation

Industry: School and Employee Bus Transportation

Location: Astoria, NY

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All American School Bus Corp. is a corporation located at 1112 30th Ave in Astoria, New York that received a Coronavirus-related PPP loan from the SBA of $3,218,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.22M

Jobs Retained:

266

Loan Approved:

2020-04-27

Lender:

BNB BANK

All American School Bus Corp. in Astoria, NY received a Paycheck Protection Loan of $3.22M through BNB BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, All American School Bus Corp.'s total 2019 payroll expenses were approximately $15.45M in order to qualify for the PPP loan amount received.

Based on their reported 266 jobs retained, this equals an estimated average yearly compensation of $58,073 per employee1.

Because the loan received by All American School Bus Corp. 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 - All American School Bus Corp. in Astoria, NY

All American School Bus Corp.
1112 30th Ave
Astoria, NY 11102

Business Industry

School and Employee Bus Transportation (NAICS code 485410)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-12

Similar Companies near Astoria

In the Astoria area, 2 businesses in the "School and Employee Bus Transportation" industry received a PPP loan. These local businesses reported an average of 133 employees (compared to this company's 266) and received an average PPP loan of $1,612,317 (compared to this company's $3.22M).

Similar Nearby Businesses Who Received PPP Funding:

Astoria Express Transit, Corp.
Queens, NY

$6,433 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,324 businesses in the "School and Employee Bus Transportation" industry received a total of $291,070,688.00 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 35 employees, 87% lower than All American School Bus Corp.'s reported 266 employees, and received an average PPP loan of $219,842, 93% lower than this company's loan of $3.22M.

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.

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/all-american-school-bus-corp-astoria-ny