PPP Loan Data — AVE Management LLC, Plymouth Meeting, PA
AVE Management LLC is a limited liability company (LLC) located at 580 W. Germantown Pike, Suite 200 in Plymouth Meeting, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,283,467.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
AVE Management LLC in Plymouth Meeting, PA received a Paycheck Protection Loan of $3.28M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, AVE Management LLC's total 2019 payroll expenses were approximately $15.76M in order to qualify for the PPP loan amount received.
Based on their reported 281 jobs retained, this equals an estimated average yearly compensation of $56,088 per employee1.
Business Information - AVE Management LLC in Plymouth Meeting, PA
580 W. Germantown Pike, Suite 200
Plymouth Meeting, PA 19462
Residential Property Managers (NAICS code 531311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-04
Similar Companies near Plymouth Meeting
In the Plymouth Meeting area, 3 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 96 employees (compared to this company's 281) and received an average PPP loan of $1,129,296 (compared to this company's $3.28M).
Similar Nearby Businesses Who Received PPP Funding:
BEL Canto Asset Growth Fund LLC
Plymouth Meeting, PA
JMI Consulting, LLC
Plymouth Meeting, PA
Industry PPP Comparison Statistics
Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 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, 96% lower than AVE Management LLC's reported 281 employees, and received an average PPP loan of $114,517, 97% lower than this company's loan of $3.28M.
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!