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PPP Loan Data — C & K Industrial Services, Inc., Independence, OH

SBA PPP loan data, payroll data, and salaries for C & K Industrial Services, Inc.
OH

C & K Industrial Services, Inc.

Entity: Subchapter S Corporation

Industry: All Other Miscellaneous Waste Management Services

Location: Independence, OH

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C & K Industrial Services, Inc. is a subchapter s corporation located at 5617 East Schaaf Rd in Independence, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,216,400.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 252 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.22M

Jobs Retained:

252

Loan Approved:

2020-04-09

Lender:

FIRST NATIONAL BANK OF PENNSYLVANIA

C & K Industrial Services, Inc. received a Paycheck Protection Loan of $3.22M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, C & K Industrial Services, Inc.'s total 2019 payroll expenses were approximately $15.44M in order to qualify for the PPP loan amount received.

Based on their reported 252 jobs retained, this equals an estimated average yearly compensation of $61,265 per employee1.

Because the loan received by C & K Industrial Services, Inc. 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 - C & K Industrial Services, Inc. in Independence, OH

C & K Industrial Services, Inc.
5617 East Schaaf Rd
Independence, OH 44131

Business Industry

All Other Miscellaneous Waste Management Services (NAICS code 562998)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: OH-14

Similar Companies near Independence

In the Independence area, 2 businesses in the "All Other Miscellaneous Waste Management Services" industry received a PPP loan. These local businesses reported an average of 126 employees (compared to this company's 252) and received an average PPP loan of $1,633,350 (compared to this company's $3.22M).

Similar Nearby Businesses Who Received PPP Funding:

Buckeye Roll-Off & Trucking, LLC
Brooklyn Hts., OH

$50,300 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 1,932 businesses in the "All Other Miscellaneous Waste Management Services" industry received a total of $234,738,876.00 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 11 employees, 96% lower than C & K Industrial Services, Inc.'s reported 252 employees, and received an average PPP loan of $121,500, 96% lower than this company's loan of $3.22M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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/c-and-k-industrial-services-inc-independence-oh