PPP Loan Data — AVL Technologies, Inc., Asheville, NC
AVL Technologies, Inc.
Entity: Subchapter S Corporation
Location: Asheville, NCTweet This • Search All PPP Data
AVL Technologies, Inc. is a subchapter s corporation located at 15 N. Merrimon Ave in Asheville, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,996,810.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 266 people during the applicable loan loan period.
$ PPP Loan Information
AVL Technologies, Inc. in Asheville, NC received a Paycheck Protection Loan of $3M through HOMETRUST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, AVL Technologies, Inc.'s total 2019 payroll expenses were approximately $14.38M in order to qualify for the PPP loan amount received.
Based on their reported 266 jobs retained, this equals an estimated average yearly compensation of $54,078 per employee1.
Business Information - AVL Technologies, Inc. in Asheville, NC
15 N. Merrimon Ave
Asheville, NC 28804
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NC-11
Industry PPP Comparison Statistics
Nationwide, 995 businesses in the "Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing" industry received a total of $252,961,602.00 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 16 employees, 94% lower than AVL Technologies, Inc.'s reported 266 employees, and received an average PPP loan of $254,233, 92% lower than this company's loan of $3M.
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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