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PPP Loan Data — EDP Enterprises Inc, Overland Park, KS

SBA PPP loan data, payroll data, and salaries for EDP Enterprises Inc
KS

EDP Enterprises Inc

Entity: Subchapter S Corporation

Industry: Food Service Contractors

Location: Overland Park, KS

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EDP Enterprises Inc is a subchapter s corporation located at 11827 W 112st in Overland Park, Kansas that received a Coronavirus-related PPP loan from the SBA of $5,783,302.00 in April, 2020.

The company has reported itself as a Black or african american male owned business, and employed at least 500 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.78M

Jobs Retained:

500

Loan Approved:

2020-04-06

Lender:

STANLEY BANK

EDP Enterprises Inc received a Paycheck Protection Loan of $5.78M through STANLEY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, EDP Enterprises Inc's total 2019 payroll expenses were approximately $27.76M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $55,520 per employee1.

Because the loan received by EDP Enterprises 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 - EDP Enterprises Inc in Overland Park, KS

EDP Enterprises Inc
11827 W 112st
Overland Park, KS 66210

Business Industry

Food Service Contractors (NAICS code 722310)

Business Owner Demographics

Race / Ethnicity: BLACK OR AFRICAN AMERICAN

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: KS-03

Similar Companies near Overland Park

In the Overland Park area, 2 businesses in the "Food Service Contractors" industry received a PPP loan. These local businesses reported an average of 254 employees (compared to this company's 500) and received an average PPP loan of $2,905,101 (compared to this company's $5.78M).

Similar Nearby Businesses Who Received PPP Funding:

Global Food Services LLC
Overland Park, KS

$26,900 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 8,947 businesses in the "Food Service Contractors" industry received a total of $969,115,041.00 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 15 employees, 97% lower than EDP Enterprises Inc's reported 500 employees, and received an average PPP loan of $108,317, 98% lower than this company's loan of $5.78M.

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.

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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/edp-enterprises-inc-overland-park-ks