PPP Loan Data — Kab-Lift Inc, Columbus, OH
Kab-Lift Inc is a corporation located at 1593 Withers Ave in Columbus, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Telhio CU Inc
Kab-Lift Inc in Columbus, OH received a Paycheck Protection Loan of $25,000 through Telhio CU Inc, 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, Kab-Lift Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kab-Lift Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Kab-Lift Inc in Columbus, OH
1593 Withers Ave
Columbus, OH 43223
NAICS code 236118
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Columbus
In the Columbus area, 40 businesses in the "Residential Remodelers" 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 $19,533 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Taylor Made Services LLC
Trays Keen Custom Design And Home Improvement LLC
Leos Home Improvements LLC
Hstc Group LLC
Industry PPP Comparison Statistics
Nationwide, 175,017 businesses in the "Residential Remodelers" industry received a total of $5.32B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, the same amount reported by Kab-Lift Inc and received an average PPP loan of $30,405, 22% higher than this company's loan of $25,000.
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