KS

Bakc3, Inc

Entity: Subchapter S Corporation

Industry: New Car Dealers

Location: Olathe, KS

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Bakc3, Inc is a subchapter s corporation located at 1000 N Rogers Rd in Olathe, Kansas that received a Coronavirus-related PPP loan from the SBA of $1,212,500.00 in April, 2020.

$ PPP Loan Information

Bakc3, Inc received a Paycheck Protection Loan of $1.21M through FIRST NATIONAL BANK OF OMAHA, which was approved in April, 2020.

2019 Payroll Estimations based On PPP Amount:

Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.

Based on standard PPP eligibility rules, Bakc3, Inc's total 2019 payroll expenses were approximately $5.82M in order to qualify for the PPP loan amount received.

Unlike most businesses, Bakc3, Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - Bakc3, Inc in Olathe, KS

Similar Companies near Olathe

In the Olathe area, 9 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 87 employees (compared to this company's 0) and received an average PPP loan of $1,249,002 (compared to this company's $1.21M).

Industry PPP Comparison Statistics

Nationwide, 16,570 businesses in the "New Car Dealers" industry received a total of $10,869,996,969.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 47 employees, and received an average PPP loan of $656,005, 46% lower than this company's loan of $1.21M.