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PPP Loan Data — Amro Fabricating Corporation,
South El Monte, CA
Amro Fabricating Corporation
Entity: Corporation
Industry: Machine Shops
Location: South El Monte, CA
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Amro Fabricating Corporation is a corporation located at 1430 Adelia Ave in South El Monte, California that received a Coronavirus-related PPP loan from the SBA of $2,500,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
192Loan Approved:
2020-04-15Lender:
CITIZENS BUSINESS BANKAmro Fabricating Corporation in South El Monte, CA received a Paycheck Protection Loan of $2.5M through CITIZENS BUSINESS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Amro Fabricating Corporation's total 2019 payroll expenses were approximately $12M in order to qualify for the PPP loan amount received.
Based on their reported 192 jobs retained, this equals an estimated average yearly compensation of $62,500 per employee1.
Business Information - Amro Fabricating Corporation in South El Monte, CA
1430 Adelia Ave
South El Monte, CA 91733
Business Industry
Machine Shops (NAICS code 332710)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-38Similar Companies near South El Monte
In the South El Monte area, 14 businesses in the "Machine Shops" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 192) and received an average PPP loan of $317,048 (compared to this company's $2.5M).
Similar Nearby Businesses Who Received PPP Funding:
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CAL-Disc Grinding Co
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Industry PPP Comparison Statistics
Nationwide, 9,651 businesses in the "Machine Shops" industry received a total of $1,842,411,346.00 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, 93% lower than Amro Fabricating Corporation's reported 192 employees, and received an average PPP loan of $190,904, 92% lower than this company's loan of $2.5M.
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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