PPP Loan Data — Jack Cooper Investments, Inc., Kansas City, MO
Jack Cooper Investments, Inc.
Location: Kansas City, MOTweet This • Search All PPP Data
Jack Cooper Investments, Inc. is a corporation located at 2345 Grand Blvd., Suite 2400 in Kansas City, Missouri that received a Coronavirus-related PPP loan from the SBA of $5,984,700.00 in April, 2020.
$ PPP Loan Information
Lender:BMO HARRIS BANK NATIONAL ASSOCIATION
Jack Cooper Investments, Inc. received a Paycheck Protection Loan of $5.98M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jack Cooper Investments, Inc.'s total 2019 payroll expenses were approximately $28.73M 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 $57,453 per employee1.
Business Information - Jack Cooper Investments, Inc. in Kansas City, MO
2345 Grand Blvd., Suite 2400
Kansas City, MO 64108
Automobile and Other Motor Vehicle Merchant Wholesalers (NAICS code 423110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MO-05
Industry PPP Comparison Statistics
Nationwide, 4,037 businesses in the "Automobile and Other Motor Vehicle Merchant Wholesalers" industry received a total of $746,857,572.00 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 Jack Cooper Investments, Inc.'s reported 500 employees, and received an average PPP loan of $185,003, 97% lower than this company's loan of $5.98M.
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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