PPP Loan Data — Kairos Power LLC, Alameda, CA
Kairos Power LLC is a sole proprietorship located at 707 West Tower Avenue in Alameda, California that received a Coronavirus-related PPP loan from the SBA of $3,304,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 132 people during the applicable loan loan period.
$ PPP Loan Information
Lender:READYCAP LENDING, LLC
Kairos Power LLC received a Paycheck Protection Loan of $3.3M through READYCAP LENDING, LLC, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 132 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 159.
Based on standard PPP eligibility rules, Kairos Power LLC's total 2019 payroll expenses were approximately $15.86M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 132 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Kairos Power LLC in Alameda, CA
707 West Tower Avenue
Alameda, CA 94501
Executive Search Services (NAICS code 561312)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: CA-13
Similar Companies near Alameda
In the Alameda area, 2 businesses in the "Executive Search Services" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 132) and received an average PPP loan of $1,662,700 (compared to this company's $3.3M).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 4,499 businesses in the "Executive Search Services" industry received a total of $602,770,500.00 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 12 employees, 91% lower than Kairos Power LLC's reported 132 employees, and received an average PPP loan of $133,979, 96% lower than this company's loan of $3.3M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!