PPP Loan Data — Arnold & Associates Of Wichita Inc, Wichita, KS
Arnold & Associates Of Wichita Inc is a corporation located at 530 S Topeka St in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,980,000.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Arnold & Associates Of Wichita Inc in Wichita, KS received a Paycheck Protection Loan of $2.98M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Arnold & Associates Of Wichita Inc's total 2019 payroll expenses were approximately $14.3M in order to qualify for the PPP loan amount received.
Based on their reported 399 jobs retained, this equals an estimated average yearly compensation of $35,850 per employee1.
Business Information - Arnold & Associates Of Wichita Inc in Wichita, KS
530 S Topeka St
Wichita, KS 67202
All Other Business Support Services (NAICS code 561499)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KS-04
Similar Companies near Wichita
In the Wichita area, 4 businesses in the "All Other Business Support Services" industry received a PPP loan. These local businesses reported an average of 109 employees (compared to this company's 399) and received an average PPP loan of $804,738 (compared to this company's $2.98M).
Similar Nearby Businesses Who Received PPP Funding:
Lien Nguyen INS And Fin Svcs, Inc
Best Value Services LLC
Industry PPP Comparison Statistics
Nationwide, 28,906 businesses in the "All Other Business Support Services" industry received a total of $1,963,852,672.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than Arnold & Associates Of Wichita Inc's reported 399 employees, and received an average PPP loan of $67,939, 98% lower than this company's loan of $2.98M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!