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PPP Loan Data — Architectural Systems Inc, Monett, MO

SBA PPP loan data, payroll data, and salaries for Architectural Systems Inc
MO

Architectural Systems Inc

Entity: Corporation

Industry: Glass Product Manufacturing Made of Purchased Glass

Location: Monett, MO

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Architectural Systems Inc is a corporation located at 707 W Highway 60 in Monett, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,560,600.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 249 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.56M

Jobs Retained:

249

Loan Approved:

2020-04-05

Lender:

FREEDOM BANK OF SOUTHERN MISSOURI

Architectural Systems Inc in Monett, MO received a Paycheck Protection Loan of $2.56M through FREEDOM BANK OF SOUTHERN MISSOURI, which was approved in April, 2020.

Based on standard PPP eligibility rules, Architectural Systems Inc's total 2019 payroll expenses were approximately $12.29M in order to qualify for the PPP loan amount received.

Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $49,361 per employee1.

Because the loan received by Architectural Systems Inc 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 - Architectural Systems Inc in Monett, MO

Architectural Systems Inc
707 W Highway 60
Monett, MO 65708

Business Industry

Glass Product Manufacturing Made of Purchased Glass (NAICS code 327215)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: MO-07

Industry PPP Comparison Statistics

Nationwide, 737 businesses in the "Glass Product Manufacturing Made of Purchased Glass" industry received a total of $164,708,672.00 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 18 employees, 93% lower than Architectural Systems Inc's reported 249 employees, and received an average PPP loan of $223,485, 91% lower than this company's loan of $2.56M.

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.

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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/architectural-systems-inc-monett-mo