PPP Loan Data — American Institutes For Chartered Property Casualty Underwri, Malvern, PA
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
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.
Business Information - American Institutes For Chartered Property Casualty Underwri in Malvern, PA
720 Providence Road
Malvern, PA 19355
Professional and Management Development Training (NAICS code 611430)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
The Performance Development Group, LLC
Working Words Inc.
Alleer Training & Consulting Inc
The Center For Professional Innovation And Education, Inc.
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.
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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