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PPP Loan Data — American Petroleum Inc, West Palm Beach, FL

SBA PPP loan data, payroll data, and salaries for American Petroleum Inc
FL

American Petroleum Inc

Entity: Corporation

Industry: Engineering Services

Location: West Palm Beach, FL

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American Petroleum Inc is a corporation located at 7245 North Military Trail in West Palm Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $10,150.00 in April, 2020.

The company has reported itself as a male owned business.

$ PPP Loan Information

Loan Size:

$10,150

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-28

Lender:

TD BANK, NATIONAL ASSOCIATION

American Petroleum Inc received a Paycheck Protection Loan of $10,150 through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, American Petroleum Inc's total 2019 payroll expenses were approximately $48,720 in order to qualify for the PPP loan amount received.

Unlike most businesses, American Petroleum Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - American Petroleum Inc in West Palm Beach, FL

American Petroleum Inc
7245 North Military Trail
West Palm Beach, FL 33410

Business Industry

Engineering Services (NAICS code 541330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: FL-18

Similar Companies near West Palm Beach

In the West Palm Beach area, 23 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 0) and received an average PPP loan of $653,433 (compared to this company's $10,150).

Industry PPP Comparison Statistics

Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 14 employees, and received an average PPP loan of $249,856, 2362% higher than this company's loan of $10,150.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/american-petroleum-inc-west-palm-beach-fl