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PPP Loan Data — Architectural Window Manufacturing Corp, Rutherford, NJ

SBA PPP loan data, payroll data, and salaries for Architectural Window Manufacturing Corp
NJ

Architectural Window Manufacturing Corp

Entity: Corporation

Industry: Other Millwork (including Flooring)

Location: Rutherford, NJ

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Architectural Window Manufacturing Corp is a corporation located at 359 Veterans Blvd in Rutherford, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,508,724.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.51M

Jobs Retained:

295

Loan Approved:

2020-04-15

Lender:

SANTANDER BANK, NATIONAL ASSOCIATION

Architectural Window Manufacturing Corp in Rutherford, NJ received a Paycheck Protection Loan of $3.51M through SANTANDER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Architectural Window Manufacturing Corp's total 2019 payroll expenses were approximately $16.84M in order to qualify for the PPP loan amount received.

Based on their reported 295 jobs retained, this equals an estimated average yearly compensation of $57,091 per employee1.

Because the loan received by Architectural Window Manufacturing Corp 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 Window Manufacturing Corp in Rutherford, NJ

Architectural Window Manufacturing Corp
359 Veterans Blvd
Rutherford, NJ 7070

Business Industry

Other Millwork (including Flooring) (NAICS code 321918)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-09

Similar Companies near Rutherford

In the Rutherford area, 2 businesses in the "Other Millwork (including Flooring)" industry received a PPP loan. These local businesses reported an average of 155 employees (compared to this company's 295) and received an average PPP loan of $1,838,062 (compared to this company's $3.51M).

Similar Nearby Businesses Who Received PPP Funding:

Trylon Metal Works Inc.
Lyndhurst, NJ

$167,400 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,422 businesses in the "Other Millwork (including Flooring)" industry received a total of $215,920,934.00 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, 95% lower than Architectural Window Manufacturing Corp's reported 295 employees, and received an average PPP loan of $151,843, 96% lower than this company's loan of $3.51M.

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/architectural-window-manufacturing-corp-rutherford-nj