PPP Loan Data — New Aqua LLC, Avon, IN
New Aqua LLC
Entity: Limited Liability Company (LLC)
Location: Avon, INTweet This • Search All PPP Data
New Aqua LLC is a limited liability company (LLC) located at 7785 Us Highway 36 in Avon, Indiana that received a Coronavirus-related PPP loan from the SBA of $2,434,295.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Merchants Bank
New Aqua LLC in Avon, IN received a Paycheck Protection Loan of $2.43M through First Merchants Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in December, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, New Aqua LLC's 2019 payroll expenses are estimated to be at least $11.68M.
Based on their reported 196 jobs retained, this equals an estimated average yearly compensation of $59,615 per employee1
Reported PPP Proceed Usage:
On the PPP application, New Aqua LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,434,295
Business Information - New Aqua LLC in Avon, IN
7785 Us Highway 36
Avon, IN 46123
Industrial Machinery and Equipment Merchant Wholesalers
NAICS code 423830
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Avon
In the Avon area, 2 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 111 employees (compared to this company's 196) and received an average PPP loan of $1,408,898 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
Tsune America, LLC
Industry PPP Comparison Statistics
Nationwide, 11,076 businesses in the "Industrial Machinery and Equipment Merchant Wholesalers" industry received a total of $2.24B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 15 employees, 92% lower than New Aqua LLC's reported 196 employees, and received an average PPP loan of $202,534, 92% lower than this company's loan of $2.43M.
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Footnotes & Information
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