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PPP Loan Data — American Institute Of Chemical Engineers, New York, NY

SBA PPP loan data, payroll data, and salaries for American Institute Of Chemical Engineers
NY Nonprofit Organization

American Institute Of Chemical Engineers

Entity: Non-profit Organization

Industry: Professional Organizations

Location: New York, NY

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American Institute Of Chemical Engineers is a non-profit organization located at 120 Wall Street, 23rd Floor in New York, New York that received a Coronavirus-related PPP loan from the SBA of $2,497,800.00 in April, 2020.

The company has reported itself as a male owned non-profit, and employed at least 120 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.5M

Jobs Retained:

120

Loan Approved:

2020-04-27

Lender:

CITIBANK, N.A.

American Institute Of Chemical Engineers received a Paycheck Protection Loan of $2.5M through CITIBANK, N.A., which was approved in April, 2020.

Based on standard PPP eligibility rules, American Institute Of Chemical Engineers' total 2019 payroll expenses were approximately $11.99M in order to qualify for the PPP loan amount received.

Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $99,912 per employee1.

Because the loan received by American Institute Of Chemical Engineers 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 Chemical Engineers in New York, NY

American Institute Of Chemical Engineers
120 Wall Street, 23rd Floor
New York, NY 10005

Business Industry

Professional Organizations (NAICS code 813920)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: NY-10

Similar Companies near New York

In the New York area, 11 businesses in the "Professional Organizations" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 120) and received an average PPP loan of $680,367 (compared to this company's $2.5M).

Industry PPP Comparison Statistics

Nationwide, 5,854 businesses in the "Professional Organizations" industry received a total of $547,492,722.00 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 7 employees, 94% lower than American Institute Of Chemical Engineers' reported 120 employees, and received an average PPP loan of $93,525, 96% lower than this company's loan of $2.5M.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/american-institute-of-chemical-engineers-new-york-ny