PPP Loan Data — Atlantic Diving Supply, Inc., Virginia Beach, VA
Atlantic Diving Supply, Inc. is a corporation located at 621 Lynnhaven Pkwy in Virginia Beach, Virginia that received a Coronavirus-related PPP loan from the SBA of $5,000,000.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Atlantic Diving Supply, Inc. in Virginia Beach, VA received a Paycheck Protection Loan of $5M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Atlantic Diving Supply, Inc.'s total 2019 payroll expenses were approximately $24M in order to qualify for the PPP loan amount received.
Based on their reported 374 jobs retained, this equals an estimated average yearly compensation of $64,171 per employee1.
Business Information - Atlantic Diving Supply, Inc. in Virginia Beach, VA
621 Lynnhaven Pkwy
Virginia Beach, VA 23452
All Other Miscellaneous Manufacturing (NAICS code 339999)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-02
Similar Companies near Virginia Beach
In the Virginia Beach area, 4 businesses in the "All Other Miscellaneous Manufacturing" industry received a PPP loan. These local businesses reported an average of 94 employees (compared to this company's 374) and received an average PPP loan of $1,269,016 (compared to this company's $5M).
Similar Nearby Businesses Who Received PPP Funding:
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Black Dog Gallery LTD
Virginia Bch, VA
Art Graphics N Designs, Inc.
Virginia Beach, VA
Industry PPP Comparison Statistics
Nationwide, 8,697 businesses in the "All Other Miscellaneous Manufacturing" industry received a total of $1,285,606,911.00 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 12 employees, 97% lower than Atlantic Diving Supply, Inc.'s reported 374 employees, and received an average PPP loan of $147,822, 97% lower than this company's loan of $5M.
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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