PPP Loan Data — C.c. Power, LLC, Kalkaska, MI
C.c. Power, LLC is a limited liability company (LLC) located at 3850 Beebe Rd in Kalkaska, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,275,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
C.c. Power, LLC in Kalkaska, MI received a Paycheck Protection Loan of $2.28M through The Huntington National Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, C.c. Power, LLC's 2019 payroll expenses are estimated to be at least $10.92M.
Based on their reported 116 jobs retained, this equals an estimated average yearly compensation of $94,138 per employee1
Reported PPP Proceed Usage:
On the PPP application, C.c. Power, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,275,000
Business Information - C.c. Power, LLC in Kalkaska, MI
3850 Beebe Rd
Kalkaska, MI 49646
Other Electric Power Generation
NAICS code 221118
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 2,726 businesses in the "Other Electric Power Generation" industry received a total of $255.77M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 93% lower than C.c. Power, LLC's reported 116 employees, and received an average PPP loan of $93,827, 96% lower than this company's loan of $2.28M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!