PPP Loan Data — Conco, Inc, Wichita, KS
Location: Wichita, KSTweet This • Search All PPP Data
Conco, Inc is a corporation located at 3051 N. Ohio St in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,555,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 194 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Fidelity Bank, National Association
Conco, Inc in Wichita, KS received a Paycheck Protection Loan of $2.56M through Fidelity Bank, National Association, 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, Conco, Inc's 2019 payroll expenses are estimated to be at least $12.26M.
Based on their reported 194 jobs retained, this equals an estimated average yearly compensation of $63,219 per employee1
Reported PPP Proceed Usage:
On the PPP application, Conco, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,555,100
Business Information - Conco, Inc in Wichita, KS
3051 N. Ohio St
Wichita, KS 67219
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Wichita
In the Wichita area, 11 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 52 employees (compared to this company's 194) and received an average PPP loan of $659,788 (compared to this company's $2.56M).
Similar Nearby Businesses Who Received PPP Funding:
Martin K Eby Construction Co., Inc
Owen L. Bolan
Park City, KS
Mahaney Group, Inc
Hentzen Construction Services, Inc
Mahaney Steel Inc
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B 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 12 employees, 94% lower than Conco, Inc's reported 194 employees, and received an average PPP loan of $157,325, 94% lower than this company's loan of $2.56M.
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Footnotes & Information
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