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PPP Loan Data — Phoenix Fabricators And Erectors, LLC, Avon, IN

SBA PPP loan data, payroll data, and salaries for Phoenix Fabricators And Erectors, LLC
IN

Phoenix Fabricators And Erectors, LLC

Entity: Limited Liability Company (LLC)

Industry: Structural Steel and Precast Concrete Contractors

Location: Avon, IN

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Phoenix Fabricators And Erectors, LLC is a limited liability company (LLC) located at 182 South County Road East in Avon, Indiana that received a Coronavirus-related PPP loan from the SBA of $3,136,864.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.14M

Jobs Retained:

248

Loan Approved:

2020-04-15

Lender:

WEBSTER BANK, NATIONAL ASSOCIATION

Phoenix Fabricators And Erectors, LLC in Avon, IN received a Paycheck Protection Loan of $3.14M through WEBSTER BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Phoenix Fabricators And Erectors, LLC's total 2019 payroll expenses were approximately $15.06M in order to qualify for the PPP loan amount received.

Based on their reported 248 jobs retained, this equals an estimated average yearly compensation of $60,713 per employee1.

Because the loan received by Phoenix Fabricators And Erectors, LLC 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 - Phoenix Fabricators And Erectors, LLC in Avon, IN

Phoenix Fabricators And Erectors, LLC
182 South County Road East
Avon, IN 46123

Business Industry

Structural Steel and Precast Concrete Contractors (NAICS code 238120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: IN-04

Industry PPP Comparison Statistics

Nationwide, 2,045 businesses in the "Structural Steel and Precast Concrete Contractors" industry received a total of $681,119,594.00 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 22 employees, 91% lower than Phoenix Fabricators And Erectors, LLC's reported 248 employees, and received an average PPP loan of $333,066, 89% lower than this company's loan of $3.14M.

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.

Search FederalPay's Full PPP Loan Database

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/phoenix-fabricators-and-erectors-llc-avon-in