PPP Loan Data — AWI Management Corporation, Auburn, CA
AWI Management Corporation is a corporation located at 120 Center St in Auburn, California that received a Coronavirus-related PPP loan from the SBA of $3,278,600.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST FOUNDATION BANK
AWI Management Corporation in Auburn, CA received a Paycheck Protection Loan of $3.28M through FIRST FOUNDATION BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, AWI Management Corporation's total 2019 payroll expenses were approximately $15.74M in order to qualify for the PPP loan amount received.
Based on their reported 394 jobs retained, this equals an estimated average yearly compensation of $39,942 per employee1.
Business Information - AWI Management Corporation in Auburn, CA
120 Center St
Auburn, CA 95603
Residential Property Managers (NAICS code 531311)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-01
Similar Companies near Auburn
In the Auburn area, 2 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 198 employees (compared to this company's 394) and received an average PPP loan of $1,647,147 (compared to this company's $3.28M).
Similar Nearby Businesses Who Received PPP Funding:
Sutherland Property Management, Inc.
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, 97% lower than AWI Management Corporation's reported 394 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.
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