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PPP Loan Data — American Innovations LTD,
Austin, TX
American Innovations LTD
Entity: Limited Liability Partnership
Industry: Other Communications Equipment Manufacturing
Location: Austin, TX
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American Innovations LTD is a limited liability partnership located at 12211 Technology Blvd in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $3,487,790.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least 189 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
189Loan Approved:
2020-04-12Lender:
TEXAS CAPITAL BANK, NATIONAL ASSOCIATIONAmerican Innovations LTD in Austin, TX received a Paycheck Protection Loan of $3.49M through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, American Innovations LTD's total 2019 payroll expenses were approximately $16.74M in order to qualify for the PPP loan amount received.
Based on their reported 189 jobs retained, this equals an estimated average yearly compensation of $88,579 per employee1.
Business Information - American Innovations LTD in Austin, TX
12211 Technology Blvd
Austin, TX 78727
Business Industry
Other Communications Equipment Manufacturing (NAICS code 334290)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: Unreported
Congressional District: TX-31Industry PPP Comparison Statistics
Nationwide, 496 businesses in the "Other Communications Equipment Manufacturing" industry received a total of $159,944,530.00 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 18 employees, 90% lower than American Innovations LTD's reported 189 employees, and received an average PPP loan of $322,469, 91% lower than this company's loan of $3.49M.
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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