PPP Loan Data — Kakivik Asset Management, LLC, Anchorage, AK
Kakivik Asset Management, LLC
Entity: Limited Liability Company (LLC)
Location: Anchorage, AKTweet This • Search All PPP Data
Kakivik Asset Management, LLC is a limited liability company (LLC) located at 5015 Business Park Blvd in Anchorage, Alaska that received a Coronavirus-related PPP loan from the SBA of $9,538,531.00 in August, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Kakivik Asset Management, LLC in Anchorage, AK received a Paycheck Protection Loan of $9.54M through Northrim Bank, which was approved in August, 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 July, 2021.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 385 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.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 458. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.Read More
Understanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.Read More
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, Kakivik Asset Management, LLC's 2019 payroll expenses are estimated to be at least $45.78M (not accounting for salary amounts > $100k).
Because the 385 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Kakivik Asset Management, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $9,538,531
Business Information - Kakivik Asset Management, LLC in Anchorage, AK
5015 Business Park Blvd
Anchorage, AK 99503
All Other Professional, Scientific, and Technical Services
NAICS code 541990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Kakivik Asset Management, LLC.
Brice Builders, LLC
Industrial Building Construction
The Ted Stevens Foundation
Other Grantmaking and Giving Services
Brice Civil Constructors, Inc
Highway, Street, and Bridge Construction
Yukon Equipment, Inc
Industrial Machinery and Equipment Merchant Wholesalers
Tunista Logistics Solutions, LLC
Air Traffic Control
Yulista Support Services, LLC
Aircraft Engine and Engine Parts Manufacturing
Tunista Construction, LLC
Site Preparation Contractors
Water and Sewer Line and Related Structures Construction
Similar Companies near Anchorage
In the Anchorage area, 29 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 385) and received an average PPP loan of $366,493 (compared to this company's $9.54M).
Similar Nearby Businesses Who Received PPP Funding:
Top Of The World LLC
TDX International, LLC
Highliner Consulting Group, LLC
Bristol Bay Regional Seafood Development Association Inc
Blue Skies Solutions LLC
Rick Miller Productions LLC
Industry PPP Comparison Statistics
Nationwide, 128,125 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.31B 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 5 employees, 99% lower than Kakivik Asset Management, LLC's reported 385 employees, and received an average PPP loan of $57,089, 99% lower than this company's loan of $9.54M.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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.
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.
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