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PPP Loan Data — Aquatech International LLC,
Canonsburg, PA
Aquatech International LLC
Entity: Limited Liability Company (LLC)
Industry: Other Commercial and Service Industry Machinery Manufacturing
Location: Canonsburg, PA
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Aquatech International LLC is a limited liability company (LLC) located at 1 Four Coins Dr in Canonsburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,394,400.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-15Lender:
PNC BANK, NATIONAL ASSOCIATIONAquatech International LLC in Canonsburg, PA received a Paycheck Protection Loan of $4.39M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Aquatech International LLC's total 2019 payroll expenses were approximately $21.09M in order to qualify for the PPP loan amount received.
Unlike most businesses, Aquatech International LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Aquatech International LLC in Canonsburg, PA
1 Four Coins Dr
Canonsburg, PA 15317
Business Industry
Other Commercial and Service Industry Machinery Manufacturing (NAICS code 333318)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-14Industry PPP Comparison Statistics
Nationwide, 1,622 businesses in the "Other Commercial and Service Industry Machinery Manufacturing" industry received a total of $379,610,557.00 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 16 employees, and received an average PPP loan of $234,039, 95% lower than this company's loan of $4.39M.
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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