PPP Loan Data — Kartha Financial Inc, Philadelphia, PA
Kartha Financial Inc is a subchapter s corporation located at 5901 Castor Ave in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
Kartha Financial Inc in Philadelphia, PA received a Paycheck Protection Loan of $46,200 through Loan Source Incorporated, 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, Kartha Financial Inc's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,680 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kartha Financial Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,200
Business Information - Kartha Financial Inc in Philadelphia, PA
5901 Castor Ave
Philadelphia, PA 19149
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 12 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 7) and received an average PPP loan of $24,272 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
AHS Financials LLC
The Fontana Group, Inc
Ashong & Associates LLC
Bruno C. Fiorenza, CPA., PC
Mark A Jackson
Perpiglia Co P C
Steven Aberblatt PC
Maria K. Spano, CPA
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 14% lower than Kartha Financial Inc's reported 7 employees, and received an average PPP loan of $73,772, 60% higher than this company's loan of $46,200.
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Footnotes & Information
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