PPP Loan Data — Astronova, Inc., West Warwick, RI
Location: West Warwick, RITweet This • Search All PPP Data
Astronova, Inc. is a corporation located at 600 East Greenwich Ave in West Warwick, Rhode Island that received a Coronavirus-related PPP loan from the SBA of $4,422,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 248 people during the applicable loan loan period.
$ PPP Loan Information
Astronova, Inc. received a Paycheck Protection Loan of $4.42M through GREENWOOD CU, which was approved in April, 2020.
Based on standard PPP eligibility rules, Astronova, Inc.'s total 2019 payroll expenses were approximately $21.23M in order to qualify for the PPP loan amount received.
Based on their reported 248 jobs retained, this equals an estimated average yearly compensation of $85,587 per employee1.
Business Information - Astronova, Inc. in West Warwick, RI
600 East Greenwich Ave
West Warwick, RI 2893
Computer Terminal and Other Computer Peripheral Equipment Manufacturing (NAICS code 334118)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: RI-02
Industry PPP Comparison Statistics
Nationwide, 461 businesses in the "Computer Terminal and Other Computer Peripheral Equipment Manufacturing" industry received a total of $116,665,929.00 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 15 employees, 94% lower than Astronova, Inc.'s reported 248 employees, and received an average PPP loan of $253,071, 94% lower than this company's loan of $4.42M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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