PPP Loan Data — American Crafts, L.C., Lindon, UT
American Crafts, L.C.
Location: Lindon, UTTweet This • Search All PPP Data
American Crafts, L.C. is a corporation located at 588 West 400 South in Lindon, Utah that received a Coronavirus-related PPP loan from the SBA of $3,607,300.00 in April, 2020.
$ PPP Loan Information
Lender:KEYBANK NATIONAL ASSOCIATION
American Crafts, L.C. in Lindon, UT received a Paycheck Protection Loan of $3.61M through KEYBANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, American Crafts, L.C.'s total 2019 payroll expenses were approximately $17.32M in order to qualify for the PPP loan amount received.
Based on their reported 236 jobs retained, this equals an estimated average yearly compensation of $73,369 per employee1.
Business Information - American Crafts, L.C. in Lindon, UT
588 West 400 South
Lindon, UT 84042
Toy and Hobby Goods and Supplies Merchant Wholesalers (NAICS code 423920)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: UT-03
Industry PPP Comparison Statistics
Nationwide, 1,343 businesses in the "Toy and Hobby Goods and Supplies Merchant Wholesalers" industry received a total of $191,253,915.00 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 12 employees, 95% lower than American Crafts, L.C.'s reported 236 employees, and received an average PPP loan of $142,408, 96% lower than this company's loan of $3.61M.
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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