PPP Loan Data — K.a.r. Contruction Inc, Ontario, CA
K.a.r. Contruction Inc
Location: Ontario, CATweet This • Search All PPP Data
K.a.r. Contruction Inc is a corporation located at 1306 Brooks St in Ontario, California that received a Coronavirus-related PPP loan from the SBA of $1,999,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 111 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Pacific Enterprise Bank
K.a.r. Contruction Inc in Ontario, CA received a Paycheck Protection Loan of $2M through Pacific Enterprise Bank, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, K.a.r. Contruction Inc's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 111 jobs retained, this equals an estimated average yearly compensation of $86,443 per employee1
Reported PPP Proceed Usage:
On the PPP application, K.a.r. Contruction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,000
Business Information - K.a.r. Contruction Inc in Ontario, CA
1306 Brooks St
Ontario, CA 91762
Commercial and Institutional Building Construction
NAICS code 236220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Ontario
In the Ontario area, 41 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 111) and received an average PPP loan of $249,872 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Integratelab Builders Inc
D Bryan Co. Inc
Advanco Fire Protection Inc
Matlock Design Build, Inc
Tech One Construction Inc
MJ Pacific, Inc
RS Construction & Development Inc
COX Commercial & Industrial Inc
Industry PPP Comparison Statistics
Nationwide, 78,873 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.41B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 12 employees, 89% lower than K.a.r. Contruction Inc's reported 111 employees, and received an average PPP loan of $157,325, 92% lower than this company's loan of $2M.
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