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PPP Loan Data — American Institute Of Baking, Manhattan, KS

SBA PPP loan data, payroll data, and salaries for American Institute Of Baking
KS

American Institute Of Baking

Entity: Professional Association

Industry: Other Technical and Trade Schools

Location: Manhattan, KS

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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

Loan Size:

$2.84M

Jobs Retained:

160

Loan Approved:

2020-04-09

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.

Because the loan received by American Institute Of Baking 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 - American Institute Of Baking in Manhattan, KS

American Institute Of Baking
1213 Bakers Way
Manhattan, KS 66502

Business Industry

Other Technical and Trade Schools (NAICS code 611519)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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
Manhattan, KS

$6,900 PPP Loan

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.

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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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Source: www.federalpay.org/paycheck-protection-program/american-institute-of-baking-manhattan-ks