PPP Loan Data — American Institute Of Baking, Manhattan, KS
American Institute Of Baking is a professional association located at 1213 Bakers Way in Manhattan, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,836,000.00 in April, 2020.
$ PPP Loan Information
Lender:CENTRAL NATIONAL BANK
American Institute Of Baking in Manhattan, KS received a Paycheck Protection Loan of $2.84M through CENTRAL NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, American Institute Of Baking's total 2019 payroll expenses were approximately $13.61M in order to qualify for the PPP loan amount received.
Based on their reported 160 jobs retained, this equals an estimated average yearly compensation of $85,080 per employee1.
Business Information - American Institute Of Baking in Manhattan, KS
1213 Bakers Way
Manhattan, KS 66502
Other Technical and Trade Schools (NAICS code 611519)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KS-01
Similar Companies near Manhattan
In the Manhattan area, 2 businesses in the "Other Technical and Trade Schools" industry received a PPP loan. These local businesses reported an average of 81 employees (compared to this company's 160) and received an average PPP loan of $1,421,450 (compared to this company's $2.84M).
Similar Nearby Businesses Who Received PPP Funding:
Pinnacle Performance LLC
Industry PPP Comparison Statistics
Nationwide, 2,830 businesses in the "Other Technical and Trade Schools" industry received a total of $289,734,458.00 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 11 employees, 93% lower than American Institute Of Baking's reported 160 employees, and received an average PPP loan of $102,380, 96% lower than this company's loan of $2.84M.
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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