PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — American Institutes For Chartered Property Casualty Underwri, Malvern, PA

SBA PPP loan data, payroll data, and salaries for American Institutes For Chartered Property Casualty Underwri
PA Nonprofit Organization

American Institutes For Chartered Property Casualty Underwri

Entity: Non-profit Organization

Industry: Professional and Management Development Training

Location: Malvern, PA

Search All PPP Data

American Institutes For Chartered Property Casualty Underwri is a non-profit organization located at 720 Providence Road in Malvern, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,269,030.00 in April, 2020.

The company has reported itself as a male owned non-profit, and employed at least 236 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.27M

Jobs Retained:

236

Loan Approved:

2020-04-27

Lender:

REPUBLIC FIRST BANK D/B/A REPUBLIC BANK

American Institutes For Chartered Property Casualty Underwri received a Paycheck Protection Loan of $4.27M through REPUBLIC FIRST BANK D/B/A REPUBLIC BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, American Institutes For Chartered Property Casualty Underwri's total 2019 payroll expenses were approximately $20.49M 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 $86,828 per employee1.

Because the loan received by American Institutes For Chartered Property Casualty Underwri 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 Institutes For Chartered Property Casualty Underwri in Malvern, PA

American Institutes For Chartered Property Casualty Underwri
720 Providence Road
Malvern, PA 19355

Business Industry

Professional and Management Development Training (NAICS code 611430)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: PA-06

Similar Companies near Malvern

In the Malvern area, 5 businesses in the "Professional and Management Development Training" industry received a PPP loan. These local businesses reported an average of 53 employees (compared to this company's 236) and received an average PPP loan of $1,049,406 (compared to this company's $4.27M).

Industry PPP Comparison Statistics

Nationwide, 5,287 businesses in the "Professional and Management Development Training" industry received a total of $321,111,970.00 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 4 employees, 98% lower than American Institutes For Chartered Property Casualty Underwri's reported 236 employees, and received an average PPP loan of $60,736, 99% lower than this company's loan of $4.27M.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/american-institutes-for-chartered-property-casualty-underwri-malvern-pa