PPP Loan Data — Architectural Window Manufacturing Corp, Rutherford, NJ
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
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.
Business Information - Architectural Window Manufacturing Corp in Rutherford, NJ
359 Veterans Blvd
Rutherford, NJ 7070
Other Millwork (including Flooring) (NAICS code 321918)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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.
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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