PPP Loan Data — America's Preferred Service Contract Administration, Inc., Jackson, MI
America's Preferred Service Contract Administration, Inc. is a subchapter s corporation located at 5775 Ann Arbor Rd in Jackson, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,929,454.00 in May, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
America's Preferred Service Contract Administration, Inc. received a Paycheck Protection Loan of $2.93M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, America's Preferred Service Contract Administration, Inc.'s total 2019 payroll expenses were approximately $14.06M in order to qualify for the PPP loan amount received.
Based on their reported 223 jobs retained, this equals an estimated average yearly compensation of $63,056 per employee1.
Business Information - America's Preferred Service Contract Administration, Inc. in Jackson, MI
5775 Ann Arbor Rd
Jackson, MI 49201
Unknown (NAICS code 0)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-07
Similar Companies near Jackson
In the Jackson area, 740 businesses in the "Unknown" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 223) and received an average PPP loan of $156,219 (compared to this company's $2.93M).
Similar Nearby Businesses Who Received PPP Funding:
I T F Tile Company
Daniel Martin Magic Inc.
Industry PPP Comparison Statistics
Nationwide, 5,156,850 businesses in the "Unknown" industry received a total of $522,949,858,572.00 in PPP loans. These businesses account for 100% of total PPP applications submitted, and received 100% of the total PPP funding allocated.
PPP recipients in this industry report an average of 10 employees, 96% lower than America's Preferred Service Contract Administration, Inc.'s reported 223 employees, and received an average PPP loan of $101,409, 97% lower than this company's loan of $2.93M.
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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