PPP Loan Data — Kayem Foods Inc, Chelsea, MA
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
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
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.
Business Information - Kayem Foods Inc in Chelsea, MA
75 Arlington St
Chelsea, MA 2150
Meat Processed from Carcasses (NAICS code 311612)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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.
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Footnotes & Information
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