PPP Loan Data — Applied Mechanical Systems Inc, Dayton, OH
Applied Mechanical Systems Inc
Entity: Limited Liability Company (LLC)
Location: Dayton, OHTweet This • Search All PPP Data
Applied Mechanical Systems Inc is a limited liability company (LLC) located at 5598 Wolf Creek Pike in Dayton, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,050,000.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Applied Mechanical Systems Inc received a Paycheck Protection Loan of $3.05M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Applied Mechanical Systems Inc's total 2019 payroll expenses were approximately $14.64M in order to qualify for the PPP loan amount received.
Based on their reported 208 jobs retained, this equals an estimated average yearly compensation of $70,385 per employee1.
Business Information - Applied Mechanical Systems Inc in Dayton, OH
5598 Wolf Creek Pike
Dayton, OH 45426
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-10
Similar Companies near Dayton
In the Dayton area, 2 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 208) and received an average PPP loan of $1,716,406 (compared to this company's $3.05M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 95% lower than Applied Mechanical Systems Inc's reported 208 employees, and received an average PPP loan of $154,981, 95% lower than this company's loan of $3.05M.
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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