PPP Loan Data — KB Inc, Redfield, SD
KB Inc is a corporation located at 827 W 4th St Suite 1 in Redfield, South Dakota that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least twelve people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Plains Commerce Bank
KB Inc in Redfield, SD received a Paycheck Protection Loan of $25,200 through Plains Commerce 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, KB Inc's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 12 jobs retained, this equals an estimated average yearly compensation of $10,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, KB Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - KB Inc in Redfield, SD
827 W 4th St Suite 1
Redfield, SD 57469
NAICS code 722511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Redfield
In the Redfield area, 7 businesses in the "Full-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 12) and received an average PPP loan of $38,437 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Leo's Good Food
Ponts Pub And Grill
Leo's Good Food Inc
Industry PPP Comparison Statistics
Nationwide, 328,914 businesses in the "Full-Service Restaurants" industry received a total of $42.6B in PPP loans. These businesses account for 3% of total PPP applications submitted, and received 5% of the total PPP funding allocated.
PPP recipients in this industry report an average of 22 employees, 83% higher than KB Inc's reported 12 employees, and received an average PPP loan of $129,504, 414% higher than this company's loan of $25,200.
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Footnotes & Information
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