PPP Loan Data — K & D Truck And Automotive Service, Inc, Alliance, OH
K & D Truck And Automotive Service, Inc is a corporation located at 14714 Oyster Rd in Alliance, Ohio that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Consumers National Bank
K & D Truck And Automotive Service, Inc in Alliance, OH received a Paycheck Protection Loan of $24,900 through Consumers National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, K & D Truck And Automotive Service, Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,840 per employee1
Reported PPP Proceed Usage:
On the PPP application, K & D Truck And Automotive Service, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - K & D Truck And Automotive Service, Inc in Alliance, OH
14714 Oyster Rd
Alliance, OH 44601
All Other Automotive Repair and Maintenance
NAICS code 811198
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Alliance
In the Alliance area, 8 businesses in the "All Other Automotive Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 3) and received an average PPP loan of $49,870 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Hall Public Safety Co
Bills Broadway Truck Repair LLC
Premier Bandag #8 Inc
Bj's Brushless Carwash, LLC
Suburban Auto Service
Industry PPP Comparison Statistics
Nationwide, 17,942 businesses in the "All Other Automotive Repair and Maintenance" industry received a total of $688.12M 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 4 employees, 33% higher than K & D Truck And Automotive Service, Inc's reported 3 employees, and received an average PPP loan of $38,352, 54% higher than this company's loan of $24,900.
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Footnotes & Information
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