PPP Loan Data — Alphapointe, Kansas City, MO
Alphapointe is a non-profit organization located at Prospect Ave in Kansas City, Missouri that received a Coronavirus-related PPP loan from the SBA of $3,828,600.00 in April, 2020.
$ PPP Loan Information
Alphapointe in Kansas City, MO received a Paycheck Protection Loan of $3.83M through EQUITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Alphapointe's total 2019 payroll expenses were approximately $18.38M in order to qualify for the PPP loan amount received.
Based on their reported 330 jobs retained, this equals an estimated average yearly compensation of $55,689 per employee1.
Business Information - Alphapointe in Kansas City, MO
Kansas City, MO 64132
Plastics Bottle Manufacturing (NAICS code 326160)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MO-05
Industry PPP Comparison Statistics
Nationwide, 103 businesses in the "Plastics Bottle Manufacturing" industry received a total of $42,481,156.00 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 39 employees, 88% lower than Alphapointe's reported 330 employees, and received an average PPP loan of $412,438, 89% lower than this company's loan of $3.83M.
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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