PPP Loan Data — American Promotional Events, Inc., Florence, AL
American Promotional Events, Inc.
Entity: Subchapter S Corporation
Location: Florence, ALTweet This • Search All PPP Data
American Promotional Events, Inc. is a subchapter s corporation located at 4511 Helton Dr in Florence, Alabama that received a Coronavirus-related PPP loan from the SBA of $6,688,560.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST SOUTHERN BANK
American Promotional Events, Inc. received a Paycheck Protection Loan of $6.69M through FIRST SOUTHERN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, American Promotional Events, Inc.'s total 2019 payroll expenses were approximately $32.11M in order to qualify for the PPP loan amount received.
Based on their reported 395 jobs retained, this equals an estimated average yearly compensation of $81,279 per employee1.
Business Information - American Promotional Events, Inc. in Florence, AL
4511 Helton Dr
Florence, AL 35630
Other Miscellaneous Nondurable Goods Merchant Wholesalers (NAICS code 424990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-05
Similar Companies near Florence
In the Florence area, 3 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 134 employees (compared to this company's 395) and received an average PPP loan of $2,234,811 (compared to this company's $6.69M).
Similar Nearby Businesses Who Received PPP Funding:
Black Owl Trading Co
Carson-Kimberlin Supply Company, Inc
Industry PPP Comparison Statistics
Nationwide, 8,398 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a total of $907,670,921.00 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 10 employees, 97% lower than American Promotional Events, Inc.'s reported 395 employees, and received an average PPP loan of $108,082, 98% lower than this company's loan of $6.69M.
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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