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PPP Loan Data — Arona Corporation, West Des Moines, IA

SBA PPP loan data, payroll data, and salaries for Arona Corporation

Arona Corporation

Entity: Corporation

Industry: Furniture Stores

Location: West Des Moines, IA

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Arona Corporation is a corporation located at 1001 Grand Ave in West Des Moines, Iowa that received a Coronavirus-related PPP loan from the SBA of $3,352,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Arona Corporation in West Des Moines, IA received a Paycheck Protection Loan of $3.35M through FARMERS STATE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Arona Corporation's total 2019 payroll expenses were approximately $16.09M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $32,188 per employee1.

Because the loan received by Arona Corporation 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 - Arona Corporation in West Des Moines, IA

Arona Corporation
1001 Grand Ave
West Des Moines, IA 50265

Business Industry

Furniture Stores (NAICS code 442110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IA-03

Similar Companies near West Des Moines

In the West Des Moines area, 5 businesses in the "Furniture Stores" industry received a PPP loan. These local businesses reported an average of 112 employees (compared to this company's 500) and received an average PPP loan of $763,429 (compared to this company's $3.35M).

Industry PPP Comparison Statistics

Nationwide, 10,527 businesses in the "Furniture Stores" industry received a total of $1,068,363,849.00 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 10 employees, 98% lower than Arona Corporation's reported 500 employees, and received an average PPP loan of $101,488, 97% lower than this company's loan of $3.35M.

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 - The Civil Employee's Resource **