PPP Loan Data — K & K Poultry LLC, Lindsay, NE
K & K Poultry LLC is a limited liability company (LLC) located at 82223 544 Ave in Lindsay, Nebraska that received a Coronavirus-related PPP loan from the SBA of $25,240.00 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
K & K Poultry LLC in Lindsay, NE received a Paycheck Protection Loan of $25,240 through Frontier 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 December, 2020.
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 & K Poultry LLC's 2019 payroll expenses are estimated to be at least $121,152.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,384 per employee1
Reported PPP Proceed Usage:
On the PPP application, K & K Poultry LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,192
- Utilities: $5,048
Business Information - K & K Poultry LLC in Lindsay, NE
82223 544 Ave
Lindsay, NE 68644
Broilers and Other Meat Type Chicken Production
NAICS code 112320
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lindsay
In the Lindsay area, 3 businesses in the "Broilers and Other Meat Type Chicken Production" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $20,552 (compared to this company's $25,240).
Similar Nearby Businesses Who Received PPP Funding:
Kyle Herchenbach Poultry
Industry PPP Comparison Statistics
Nationwide, 5,453 businesses in the "Broilers and Other Meat Type Chicken Production" industry received a total of $115.41M 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 2 employees, 33% lower than K & K Poultry LLC's reported 3 employees, and received an average PPP loan of $21,165, 16% lower than this company's loan of $25,240.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!