PPP Loan Data — American Residential Products Inc, Orlando, FL
American Residential Products Inc is a corporation located at 2401 Lynx Lane in Orlando, Florida that received a Coronavirus-related PPP loan from the SBA of $2,990,600.00 in April, 2020.
$ PPP Loan Information
American Residential Products Inc in Orlando, FL received a Paycheck Protection Loan of $2.99M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, American Residential Products Inc's total 2019 payroll expenses were approximately $14.35M in order to qualify for the PPP loan amount received.
Based on their reported 328 jobs retained, this equals an estimated average yearly compensation of $43,765 per employee1.
Business Information - American Residential Products Inc in Orlando, FL
2401 Lynx Lane
Orlando, FL 32804
Drywall and Insulation Contractors (NAICS code 238310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-10
Similar Companies near Orlando
In the Orlando area, 6 businesses in the "Drywall and Insulation Contractors" industry received a PPP loan. These local businesses reported an average of 77 employees (compared to this company's 328) and received an average PPP loan of $652,357 (compared to this company's $2.99M).
Similar Nearby Businesses Who Received PPP Funding:
Suts Of Florida Corp
Optimo Construction Solutions
Contemporary Construction Specialist LLC
First Option Insulation, Inc.
Morris P Mathieu Sheetrock Systems Inc
Industry PPP Comparison Statistics
Nationwide, 8,671 businesses in the "Drywall and Insulation Contractors" industry received a total of $1,670,996,792.00 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 14 employees, 96% lower than American Residential Products Inc's reported 328 employees, and received an average PPP loan of $192,711, 94% lower than this company's loan of $2.99M.
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, 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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