PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Industrial Accessories Company, Mission, KS

ALERT: There are 2 PPP loans for a total of $4.04M in our database for businesses with the name "Industrial Accessories Company" in Mission, KS. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Industrial Accessories Company
KS

Industrial Accessories Company

Entity: Limited Liability Company (LLC)

Industry: Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers

Location: Mission, KS

Search All PPP Data

Industrial Accessories Company is a limited liability company (LLC) located at 4800 Lamar Ave Ste 203 in Mission, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in March, 2021.

$ PPP Loan Information
Loan #9212698502

Loan Size:

$2M

Jobs Retained:

107

Loan Approved:

2021-03-12

Loan Status:

Ongoing Loan

Lender:

Commerce Bank

Industrial Accessories Company in Mission, KS received a Paycheck Protection Loan of $2M through Commerce Bank, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Industrial Accessories Company's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 107 jobs retained, this equals an estimated average yearly compensation of $89,720 per employee1

Reported PPP Proceed Usage:

On the PPP application, Industrial Accessories Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by Industrial Accessories Company 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 - Industrial Accessories Company in Mission, KS

Industrial Accessories Company
4800 Lamar Ave Ste 203
Mission, KS 66202

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Johnson County, KS — SBA Office 0709 — Congressional District: KS-03

Similar Companies near Mission

In the Mission area, 4 businesses in the "Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 107) and received an average PPP loan of $1,015,149 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 2,415 businesses in the "Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers" industry received a total of $489.76M 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 15 employees, 86% lower than Industrial Accessories Company's reported 107 employees, and received an average PPP loan of $202,797, 90% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Industrial Accessories Company
KS

Industrial Accessories Company

Entity: Limited Liability Company (LLC)

Industry: Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers

Location: Mission, KS

Search All PPP Data

Industrial Accessories Company is a limited liability company (LLC) located at 4800 Lamar Ave in Mission, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,038,700.00 in April, 2020.

$ PPP Loan Information
Loan #7866717009

Loan Size:

$2.04M

Jobs Retained:

110

Loan Approved:

2020-04-08

Loan Status:

Ongoing Loan

Lender:

Commerce Bank

Industrial Accessories Company in Mission, KS received a Paycheck Protection Loan of $2.04M through Commerce Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Industrial Accessories Company's 2019 payroll expenses are estimated to be at least $9.79M.

Based on their reported 110 jobs retained, this equals an estimated average yearly compensation of $88,961 per employee1

Reported PPP Proceed Usage:

On the PPP application, Industrial Accessories Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,038,700
Because the loan received by Industrial Accessories Company 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 - Industrial Accessories Company in Mission, KS

Industrial Accessories Company
4800 Lamar Ave
Mission, KS 66202

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Johnson County, KS — SBA Office 0709 — Congressional District: KS-03

Similar Companies near Mission

In the Mission area, 4 businesses in the "Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 55 employees (compared to this company's 110) and received an average PPP loan of $1,015,149 (compared to this company's $2.04M).

Industry PPP Comparison Statistics

Nationwide, 2,415 businesses in the "Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers" industry received a total of $489.76M 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 15 employees, 86% lower than Industrial Accessories Company's reported 110 employees, and received an average PPP loan of $202,797, 90% lower than this company's loan of $2.04M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/industrial-accessories-company-mission-ks