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PPP Loan Data — AMG Technology Investment Group, LLC, Hudson Oaks, TX

SBA PPP loan data, payroll data, and salaries for AMG Technology Investment Group, LLC
TX

AMG Technology Investment Group, LLC

Entity: Limited Liability Company (LLC)

Industry:

Location: Hudson Oaks, TX

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AMG Technology Investment Group, LLC is a limited liability company (LLC) located at 95 Parker Oaks Ln in Hudson Oaks, Texas that received a Coronavirus-related PPP loan from the SBA of $3,284,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 404 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.28M

Jobs Retained:

404

Loan Approved:

2020-04-07

Lender:

FIRST STATE BANK

AMG Technology Investment Group, LLC in Hudson Oaks, TX received a Paycheck Protection Loan of $3.28M through FIRST STATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, AMG Technology Investment Group, LLC's total 2019 payroll expenses were approximately $15.76M in order to qualify for the PPP loan amount received.

Based on their reported 404 jobs retained, this equals an estimated average yearly compensation of $39,018 per employee1.

Because the loan received by AMG Technology Investment Group, LLC 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 - AMG Technology Investment Group, LLC in Hudson Oaks, TX

AMG Technology Investment Group, LLC
95 Parker Oaks Ln
Hudson Oaks, TX 76087

Business Industry

(NAICS code )

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: TX-12

Industry PPP Comparison Statistics

Nationwide, 5,156,850 businesses in the "" 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, 98% lower than AMG Technology Investment Group, LLC's reported 404 employees, and received an average PPP loan of $101,409, 97% lower than this company's loan of $3.28M.

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.

Search FederalPay's Full PPP Loan Database

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/amg-technology-investment-group-llc-hudson-oaks-tx