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PPP Loan Data — AVL Technologies, Inc., Asheville, NC

SBA PPP loan data, payroll data, and salaries for AVL Technologies, Inc.

AVL Technologies, Inc.

Entity: Subchapter S Corporation

Industry: Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing

Location: Asheville, NC

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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

Loan Size:


Jobs Retained:


Loan Approved:




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.

Because the loan received by AVL Technologies, Inc. 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 - AVL Technologies, Inc. in Asheville, NC

AVL Technologies, Inc.
15 N. Merrimon Ave
Asheville, NC 28804

Business Industry

Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing (NAICS code 334220)

Business Owner Demographics

Race / Ethnicity: Unreported


Veteran Status: NON-VETERAN

Congressional 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.

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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 **