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PPP Loan Data — Fastenair Corporation, Wichita, KS

SBA PPP loan data, payroll data, and salaries for Fastenair Corporation
KS

Fastenair Corporation

Entity: Corporation

Industry: Other Aircraft Parts and Auxiliary Equipment Manufacturing

Location: Wichita, KS

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Fastenair Corporation is a corporation located at 10800 E Central Ave in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $202,600.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 21 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$202,600

Jobs Retained:

21

Loan Approved:

2020-04-13

Lender:

INTRUST BANK, NATIONAL ASSOCIATION

Fastenair Corporation received a Paycheck Protection Loan of $202,600 through INTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Fastenair Corporation's total 2019 payroll expenses were approximately $972,480 in order to qualify for the PPP loan amount received.

Based on their reported 21 jobs retained, this equals an estimated average yearly compensation of $46,309 per employee1.

Business Information - Fastenair Corporation in Wichita, KS

Fastenair Corporation
10800 E Central Ave
Wichita, KS 67206

Business Industry

Other Aircraft Parts and Auxiliary Equipment Manufacturing (NAICS code 336413)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: KS-04

Similar Companies near Wichita

In the Wichita area, 3 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a PPP loan. These local businesses reported an average of 90 employees (compared to this company's 21) and received an average PPP loan of $1,178,600 (compared to this company's $202,600).

Industry PPP Comparison Statistics

Nationwide, 841 businesses in the "Other Aircraft Parts and Auxiliary Equipment Manufacturing" industry received a total of $453,528,343.00 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 33 employees, 57% higher than Fastenair Corporation's reported 21 employees, and received an average PPP loan of $539,273, 166% higher than this company's loan of $202,600.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

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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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/fastenair-corporation-wichita-ks