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PPP Loan Data — American Residential Products Inc, Orlando, FL

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

American Residential Products Inc

Entity: Corporation

Industry: Drywall and Insulation Contractors

Location: Orlando, FL

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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

Loan Size:

$2.99M

Jobs Retained:

328

Loan Approved:

2020-04-16

Lender:

REGIONS BANK

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.

Because the loan received by American Residential Products Inc 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 Residential Products Inc in Orlando, FL

American Residential Products Inc
2401 Lynx Lane
Orlando, FL 32804

Business Industry

Drywall and Insulation Contractors (NAICS code 238310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

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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-residential-products-inc-orlando-fl