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PPP Loan Data — Kapnick & Company, Inc,
Adrian, MI
Kapnick & Company, Inc
Entity: Subchapter S Corporation
Industry: Insurance Agencies and Brokerages
Location: Adrian, MI
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Kapnick & Company, Inc is a subchapter s corporation located at 333 Industrial Dr in Adrian, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,877,520.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
180Loan Approved:
2020-04-14Lender:
BANK OF ANN ARBORKapnick & Company, Inc in Adrian, MI received a Paycheck Protection Loan of $2.88M through BANK OF ANN ARBOR, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kapnick & Company, Inc's total 2019 payroll expenses were approximately $13.81M in order to qualify for the PPP loan amount received.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $76,734 per employee1.
Business Information - Kapnick & Company, Inc in Adrian, MI
333 Industrial Dr
Adrian, MI 49221
Business Industry
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-07Similar Companies near Adrian
In the Adrian area, 13 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 180) and received an average PPP loan of $255,512 (compared to this company's $2.88M).
Similar Nearby Businesses Who Received PPP Funding:
Lenawee Insurance Services, LLC
Adrian, MI
Adrian Insurance Agency, Inc
Adrian, MI
Decker & Sons Insurance Agency, Inc.
Addision, MI
Lenawee-Christmas Insurance Center, Inc.
Adrian, MI
Wilson Financial, LLC
Adrian, MI
Cole Enterprise, Inc.
Adrian, MI
Gregory K. Elliott
Adrian, MI
Gurdjian Insurance Group Inc.
Adrian, MI
Industry PPP Comparison Statistics
Nationwide, 90,958 businesses in the "Insurance Agencies and Brokerages" industry received a total of $4,494,836,388.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 98% lower than Kapnick & Company, Inc's reported 180 employees, and received an average PPP loan of $49,417, 98% lower than this company's loan of $2.88M.
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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