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PPP Loan Data — K Machine Industrial Services LLC, Savannah, GA

SBA PPP loan data, payroll data, and salaries for K Machine Industrial Services LLC
GA

K Machine Industrial Services LLC

Entity: Limited Liability Company (LLC)

Industry: Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance

Location: Savannah, GA

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K Machine Industrial Services LLC is a limited liability company (LLC) located at 4254 Ogeechee Rd in Savannah, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,755,704.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.76M

Jobs Retained:

140

Loan Approved:

2020-04-09

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

K Machine Industrial Services LLC received a Paycheck Protection Loan of $2.76M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, K Machine Industrial Services LLC's total 2019 payroll expenses were approximately $13.23M in order to qualify for the PPP loan amount received.

Based on their reported 140 jobs retained, this equals an estimated average yearly compensation of $94,481 per employee1.

Because the loan received by K Machine Industrial Services LLC 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 - K Machine Industrial Services LLC in Savannah, GA

K Machine Industrial Services LLC
4254 Ogeechee Rd
Savannah, GA 31405

Business Industry

Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance (NAICS code 811310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: GA-01

Similar Companies near Savannah

In the Savannah area, 4 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 140) and received an average PPP loan of $841,759 (compared to this company's $2.76M).

Industry PPP Comparison Statistics

Nationwide, 12,028 businesses in the "Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance" industry received a total of $1,542,124,009.00 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 10 employees, 93% lower than K Machine Industrial Services LLC's reported 140 employees, and received an average PPP loan of $128,211, 95% lower than this company's loan of $2.76M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/k-machine-industrial-services-llc-savannah-ga