PPP Loan Data — Kajarudan Inc, Irwin, PA
Kajarudan Inc is a corporation located at 13230 Route 30 in Irwin, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $1,877,451.00 in April, 2020. This business is a Chrysler - Sales and Service Agreement franchise.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:S & T Bank
Kajarudan Inc in Irwin, PA received a Paycheck Protection Loan of $1.88M through S & T Bank, which was approved in April, 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, Kajarudan Inc's 2019 payroll expenses are estimated to be at least $9.01M.
Based on their reported 174 jobs retained, this equals an estimated average yearly compensation of $51,792 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kajarudan Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,877,451
Business Information - Kajarudan Inc in Irwin, PA
13230 Route 30
Irwin, PA 15642
New Car Dealers
NAICS code 441110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Irwin
In the Irwin area, 5 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 174) and received an average PPP loan of $804,829 (compared to this company's $1.88M).
Similar Nearby Businesses Who Received PPP Funding:
Courtesy Oldsmobile, Inc
Hadad Motor Sales Inc
North Huntingdon, PA
North Huntingdon, PA
Krag Ford Of Adamsburg, LLC
Industry PPP Comparison Statistics
Nationwide, 19,896 businesses in the "New Car Dealers" industry received a total of $12.31B 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 52 employees, 70% lower than Kajarudan Inc's reported 174 employees, and received an average PPP loan of $618,860, 67% lower than this company's loan of $1.88M.
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Footnotes & Information
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