PPP Loan Data — Kamco Supply Corp., Brooklyn, NY
Kamco Supply Corp. is a corporation located at 80 21st St in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $3,248,254.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 172 people during the applicable loan loan period.
$ PPP Loan Information
Kamco Supply Corp. in Brooklyn, NY received a Paycheck Protection Loan of $3.25M through RADIUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kamco Supply Corp.'s total 2019 payroll expenses were approximately $15.59M in order to qualify for the PPP loan amount received.
Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $90,649 per employee1.
Business Information - Kamco Supply Corp. in Brooklyn, NY
80 21st St
Brooklyn, NY 11232
Other Building Material Dealers (NAICS code 444190)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: NY-10
Similar Companies near Brooklyn
In the Brooklyn area, 8 businesses in the "Other Building Material Dealers" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 172) and received an average PPP loan of $963,626 (compared to this company's $3.25M).
Similar Nearby Businesses Who Received PPP Funding:
YEE Glass Window Inc
Express Brooklyn Tile And Kitchen LLC
Extech Building Materials Inc
L & T Modern Kitchen NY LLC
Kamco Supply Of NJ, LLC
NYC All Glass System Inc
Midwood Door & Millwork Inc
Industry PPP Comparison Statistics
Nationwide, 7,624 businesses in the "Other Building Material Dealers" industry received a total of $1,126,038,672.00 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, 93% lower than Kamco Supply Corp.'s reported 172 employees, and received an average PPP loan of $147,697, 95% lower than this company's loan of $3.25M.
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, and is published unmodified, as provided by the SBA.
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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