PPP Loan Data — Karmak, Inc., Carlinville, IL
Karmak, Inc. is a corporation located at 1 Karmak in Carlinville, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,680,585.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 278 people during the applicable loan loan period.
$ PPP Loan Information
Lender:CNB BANK AND TRUST, NATIONAL ASSOCIATION
Karmak, Inc. in Carlinville, IL received a Paycheck Protection Loan of $3.68M through CNB BANK AND TRUST, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Karmak, Inc.'s total 2019 payroll expenses were approximately $17.67M in order to qualify for the PPP loan amount received.
Based on their reported 278 jobs retained, this equals an estimated average yearly compensation of $63,550 per employee1.
Business Information - Karmak, Inc. in Carlinville, IL
Carlinville, IL 62626
Custom Computer Programming Services (NAICS code 541511)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: IL-13
Industry PPP Comparison Statistics
Nationwide, 24,641 businesses in the "Custom Computer Programming Services" industry received a total of $4,943,790,485.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 96% lower than Karmak, Inc.'s reported 278 employees, and received an average PPP loan of $200,633, 95% lower than this company's loan of $3.68M.
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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