PPP Loan Data — All American School Bus Corp., Astoria, NY
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
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.
Business Information - All American School Bus Corp. in Astoria, NY
1112 30th Ave
Astoria, NY 11102
School and Employee Bus Transportation (NAICS code 485410)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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.
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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