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PPP Loan Data — Fairbank Scales Inc.,
Kansas City, MO
Fairbank Scales Inc.
Entity: Corporation
Industry: Scale and Balance Manufacturing
Location: Kansas City, MO
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Fairbank Scales Inc. is a corporation located at 821 Locust St in Kansas City, Missouri that received a Coronavirus-related PPP loan from the SBA of $8,031,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-11Lender:
COMMUNITY BANKS OF COLORADO, A DIVISION OFFairbank Scales Inc. received a Paycheck Protection Loan of $8.03M through COMMUNITY BANKS OF COLORADO, A DIVISION OF, which was approved in April, 2020.
Based on standard PPP eligibility rules, Fairbank Scales Inc.'s total 2019 payroll expenses were approximately $38.55M 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 $77,098 per employee1.
Business Information - Fairbank Scales Inc. in Kansas City, MO
821 Locust St
Kansas City, MO 64106
Business Industry
Scale and Balance Manufacturing (NAICS code 333997)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MO-05Industry PPP Comparison Statistics
Nationwide, 122 businesses in the "Scale and Balance Manufacturing" industry received a total of $28,686,904.00 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 18 employees, 96% lower than Fairbank Scales Inc.'s reported 500 employees, and received an average PPP loan of $235,139, 97% lower than this company's loan of $8.03M.
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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