PPP Loan Data — Kapnick & Company, Inc, Adrian, MI
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
Lender:BANK OF ANN ARBOR
Kapnick & 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
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-07
Similar 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 Insurance Agency, Inc
Decker & Sons Insurance Agency, Inc.
Lenawee-Christmas Insurance Center, Inc.
Wilson Financial, LLC
Cole Enterprise, Inc.
Gregory K. Elliott
Gurdjian Insurance Group Inc.
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.
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