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PPP Loan Data — Kappen Tree Service, LLC, Cass City, MI

SBA PPP loan data, payroll data, and salaries for Kappen Tree Service, LLC
MI

Kappen Tree Service, LLC

Entity: Limited Liability Company (LLC)

Industry: Landscaping Services

Location: Cass City, MI

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Kappen Tree Service, LLC is a limited liability company (LLC) located at 2675 Hurds Corner Road in Cass City, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,988,470.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.99M

Jobs Retained:

349

Loan Approved:

2020-04-12

Lender:

TCF NATIONAL BANK

Kappen Tree Service, LLC received a Paycheck Protection Loan of $3.99M through TCF NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kappen Tree Service, LLC's total 2019 payroll expenses were approximately $19.14M in order to qualify for the PPP loan amount received.

Based on their reported 349 jobs retained, this equals an estimated average yearly compensation of $54,856 per employee1.

Because the loan received by Kappen Tree Service, LLC 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 - Kappen Tree Service, LLC in Cass City, MI

Kappen Tree Service, LLC
2675 Hurds Corner Road
Cass City, MI 48726

Business Industry

Landscaping Services (NAICS code 561730)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-10

Similar Companies near Cass City

In the Cass City area, 4 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 89 employees (compared to this company's 349) and received an average PPP loan of $1,006,361 (compared to this company's $3.99M).

Industry PPP Comparison Statistics

Nationwide, 46,451 businesses in the "Landscaping Services" industry received a total of $3,497,785,424.00 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 9 employees, 97% lower than Kappen Tree Service, LLC's reported 349 employees, and received an average PPP loan of $75,301, 98% lower than this company's loan of $3.99M.

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/kappen-tree-service-llc-cass-city-mi