PPP Loan Data — FKA Distributing Co LLC, Commerce Township, MI
FKA Distributing Co LLC
Location: Commerce Township, MITweet This • Search All PPP Data
FKA Distributing Co LLC is a corporation located at 3000 N Pontiac Trl in Commerce Township, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,911,480.00 in May, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
FKA Distributing Co LLC in Commerce Township, MI received a Paycheck Protection Loan of $3.91M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, FKA Distributing Co LLC's total 2019 payroll expenses were approximately $18.78M in order to qualify for the PPP loan amount received.
Based on their reported 455 jobs retained, this equals an estimated average yearly compensation of $41,264 per employee1.
Business Information - FKA Distributing Co LLC in Commerce Township, MI
3000 N Pontiac Trl
Commerce Township, MI 48390
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-11
Industry PPP Comparison Statistics
Nationwide, 995 businesses in the "Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing" industry received a total of $252,961,602.00 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 16 employees, 96% lower than FKA Distributing Co LLC's reported 455 employees, and received an average PPP loan of $254,233, 94% lower than this company's loan of $3.91M.
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, 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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