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PPP Loan Data — Kamps Propane, Inc, Manteca, CA

SBA PPP loan data, payroll data, and salaries for Kamps Propane, Inc
CA

Kamps Propane, Inc

Entity: Corporation

Industry: Fuel Dealers

Location: Manteca, CA

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Kamps Propane, Inc is a corporation located at 1262 Dupont Ct in Manteca, California that received a Coronavirus-related PPP loan from the SBA of $2,968,420.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.97M

Jobs Retained:

186

Loan Approved:

2020-04-30

Lender:

CENTRAL BANK OF ST. LOUIS

Kamps Propane, Inc received a Paycheck Protection Loan of $2.97M through CENTRAL BANK OF ST. LOUIS, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kamps Propane, Inc's total 2019 payroll expenses were approximately $14.25M in order to qualify for the PPP loan amount received.

Based on their reported 186 jobs retained, this equals an estimated average yearly compensation of $76,604 per employee1.

Because the loan received by Kamps Propane, Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Kamps Propane, Inc in Manteca, CA

Kamps Propane, Inc
1262 Dupont Ct
Manteca, CA 95336

Business Industry

Fuel Dealers (NAICS code 454310)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-09

Similar Companies near Manteca

In the Manteca area, 2 businesses in the "Fuel Dealers" industry received a PPP loan. These local businesses reported an average of 100 employees (compared to this company's 186) and received an average PPP loan of $1,568,737 (compared to this company's $2.97M).

Similar Nearby Businesses Who Received PPP Funding:

High Country Propane, Inc
Manteca, CA

$169,053 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,598 businesses in the "Fuel Dealers" industry received a total of $459,348,282.00 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 15 employees, 92% lower than Kamps Propane, Inc's reported 186 employees, and received an average PPP loan of $176,808, 94% lower than this company's loan of $2.97M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/kamps-propane-inc-manteca-ca