FederalPay.org
PPP Loan Data — American Superconductor Corporation,
Ayer, MA
American Superconductor Corporation
Entity: Corporation
Industry: Power, Distribution, and Specialty Transformer Manufacturing
Location: Ayer, MA
Tweet This
•
Search All PPP Data
American Superconductor Corporation is a corporation located at 114 East Main Street in Ayer, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $2,579,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 143 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
143Loan Approved:
2020-04-03Lender:
MAIN STREET BANKAmerican Superconductor Corporation in Ayer, MA received a Paycheck Protection Loan of $2.58M through MAIN STREET BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, American Superconductor Corporation's total 2019 payroll expenses were approximately $12.38M in order to qualify for the PPP loan amount received.
Based on their reported 143 jobs retained, this equals an estimated average yearly compensation of $86,598 per employee1.
Business Information - American Superconductor Corporation in Ayer, MA
114 East Main Street
Ayer, MA 01432
Business Industry
Power, Distribution, and Specialty Transformer Manufacturing (NAICS code 335311)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: MA-03Industry PPP Comparison Statistics
Nationwide, 287 businesses in the "Power, Distribution, and Specialty Transformer Manufacturing" industry received a total of $137,311,096.00 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 33 employees, 77% lower than American Superconductor Corporation's reported 143 employees, and received an average PPP loan of $478,436, 81% lower than this company's loan of $2.58M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!