PPP Loan Data — AMG Resources Corporation, Pittsburgh, PA
AMG Resources Corporation is a corporation located at 2 Robinson Plz in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $2,698,600.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
AMG Resources Corporation in Pittsburgh, PA received a Paycheck Protection Loan of $2.7M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, AMG Resources Corporation's total 2019 payroll expenses were approximately $12.95M in order to qualify for the PPP loan amount received.
Based on their reported 151 jobs retained, this equals an estimated average yearly compensation of $85,783 per employee1.
Business Information - AMG Resources Corporation in Pittsburgh, PA
2 Robinson Plz
Pittsburgh, PA 15205
Recyclable Material Merchant Wholesalers (NAICS code 423930)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-17
Similar Companies near Pittsburgh
In the Pittsburgh area, 2 businesses in the "Recyclable Material Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 77 employees (compared to this company's 151) and received an average PPP loan of $1,352,395 (compared to this company's $2.7M).
Similar Nearby Businesses Who Received PPP Funding:
Arrow Construction Services, LLC
Industry PPP Comparison Statistics
Nationwide, 4,300 businesses in the "Recyclable Material Merchant Wholesalers" industry received a total of $657,310,017.00 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, 91% lower than AMG Resources Corporation's reported 151 employees, and received an average PPP loan of $152,863, 94% lower than this company's loan of $2.7M.
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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