PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated September 30, 2023)

PPP Loan Data — Am Technical Solutions Inc, Austin, TX

SBA PPP loan data, payroll data, and salaries for Am Technical Solutions Inc
TX

Am Technical Solutions Inc

Entity: Corporation

Industry: Industrial Building Construction

Location: Austin, TX

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Am Technical Solutions Inc is a corporation located at 2213 Ranch Road 620 N Ste 105 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $6,313,780.00 in April, 2020.

$ PPP Loan Information
Loan #5134187109

Loan Size:

$6.31M

Jobs Retained:

380

Loan Approved:

2020-04-13

Loan Status:

Paid in Full or Forgiven

Lender:

First-Citizens Bank & Trust Company

Am Technical Solutions Inc in Austin, TX received a Paycheck Protection Loan of $6.31M through First-Citizens Bank & Trust Company, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Am Technical Solutions Inc's 2019 payroll expenses are estimated to be at least $30.31M.

Based on their reported 380 jobs retained, this equals an estimated average yearly compensation of $79,753 per employee1

Reported PPP Proceed Usage:

On the PPP application, Am Technical Solutions Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $6,267,780
  • Utilities: $6,000
  • Mortgage Interest: $40,000
Because the loan received by Am Technical Solutions Inc 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 - Am Technical Solutions Inc in Austin, TX

Am Technical Solutions Inc
2213 Ranch Road 620 N Ste 105
Austin, TX 78734

Business Industry:
Industrial Building Construction
NAICS code 236210

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Travis County, TX — SBA Office 0681 — Congressional District: TX-25

Industry PPP Comparison Statistics

Nationwide, 16,033 businesses in the "Industrial Building Construction" industry received a total of $2.22B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 11 employees, 97% lower than Am Technical Solutions Inc's reported 380 employees, and received an average PPP loan of $138,295, 98% lower than this company's loan of $6.31M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/am-technical-solutions-inc-austin-tx