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PPP Loan Data — Kayem Foods Inc, Chelsea, MA

SBA PPP loan data, payroll data, and salaries for Kayem Foods Inc

Kayem Foods Inc

Entity: Corporation

Industry: Meat Processed from Carcasses

Location: Chelsea, MA

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Kayem Foods Inc is a corporation located at 75 Arlington St in Chelsea, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $5,791,169.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Kayem Foods Inc in Chelsea, MA received a Paycheck Protection Loan of $5.79M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kayem Foods Inc's total 2019 payroll expenses were approximately $27.8M in order to qualify for the PPP loan amount received.

Based on their reported 393 jobs retained, this equals an estimated average yearly compensation of $70,732 per employee1.

Because the loan received by Kayem Foods Inc 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 - Kayem Foods Inc in Chelsea, MA

Kayem Foods Inc
75 Arlington St
Chelsea, MA 2150

Business Industry

Meat Processed from Carcasses (NAICS code 311612)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MA-07

Industry PPP Comparison Statistics

Nationwide, 867 businesses in the "Meat Processed from Carcasses" industry received a total of $314,630,695.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 35 employees, 91% lower than Kayem Foods Inc's reported 393 employees, and received an average PPP loan of $362,896, 94% lower than this company's loan of $5.79M.

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.

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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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