PPP Loan Data — Essig & Associates Inc, Kearney, MO
Essig & Associates Inc is a subchapter s corporation located at 1050 W Couchman Dr in Kearney, Missouri that received a Coronavirus-related PPP loan from the SBA of $2,554,800.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CASS COMMERCIAL BANK
Essig & Associates Inc received a Paycheck Protection Loan of $2.55M through CASS COMMERCIAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Essig & Associates Inc's total 2019 payroll expenses were approximately $12.26M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $49,052 per employee1.
Business Information - Essig & Associates Inc in Kearney, MO
1050 W Couchman Dr
Kearney, MO 64060
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: MO-06
Similar Companies near Kearney
In the Kearney area, 2 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 143 employees (compared to this company's 250) and received an average PPP loan of $1,316,500 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
Red Spoon Operating Entity #2, LLC
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 91% lower than Essig & Associates Inc's reported 250 employees, and received an average PPP loan of $120,904, 95% lower than this company's loan of $2.55M.
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.
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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