COVID Stimulus Watch Individual Entry

Recipient Company:
AMERICAN RESOURCES CORPORATION
Loan or Loan Guarantee Amount:
$2,649,800

Recipient Details

Ownership Structure: publicly traded (ticker symbol AREC)
Facility Street Address: 12115 VISIONARY WAY
Facility City: FISHERS
Facility State: IN
Facility Zip Code: 46038
Facility Congressional District: IN-05
Facility NAICS Code: 212210 : Iron Ore Mining

Award Details

Award Date: Apr 13, 2020
Award Type: loan
Jobs Reported at Time of Application: 238
PPP Lender: Merchants Bank of Indiana
Program Name: Paycheck Protection Program ($150,000 and up)
Legislation: CARES
Awarding Agency: Small Business Administration
Data Source for Award:
https://www.sec.gov/Archives/edgar/data/1590715/000165495420004431/arec_...

Parent Company Data

Parent Company: American Resources Corporation
Headquartered in: Indiana
Parent Sector: mining and minerals
Parent Industry: mining
Employees (prior to pandemic): 227

Accountability Issues Since 2010

Employment icon
Good Jobs First has no data in this category
Contracting icon
Good Jobs First has no data in this category
Environment icon
Environmental / Healthcare / Safety Penalties: $594,420
ConsumerProt icon
Good Jobs First has no data in this category
CEOpay icon
CEO Compensation: $172,326
Tax icon
Good Jobs First has no data in this category
Violation Tracker

Details on Accountability data sources

Accountability Issues

Covid Stimulus Watch provides accountability data on CARES Act recipients in the following categories:

Employment iconEmployment Issues

Tax iconTax / Subsidy Issues

Contracting iconContracting Issues

Environment iconEnvironment / Safety Issues

Consumer iconConsumer Protection Issues

CEO pay iconCEO Pay Issues