PPP Loan Data — Kbam Builders, Buckhannon, WV
Location: Buckhannon, WVTweet This • Search All PPP Data
Kbam Builders is a partnership located at 638 Mccartney Rd in Buckhannon, West Virginia that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Premier Bank, Inc.
Kbam Builders in Buckhannon, WV received a Paycheck Protection Loan of $24,900 through Premier Bank, Inc., which was approved in January, 2021.
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, Kbam Builders' 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,904 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kbam Builders reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,899
Business Information - Kbam Builders in Buckhannon, WV
638 Mccartney Rd
Buckhannon, WV 26201
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Buckhannon
In the Buckhannon area, 9 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $14,290 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
J-Rex Development LLC
First Class Construction Corp
B & C Construction
WV Home Pro LLC
Powers Construction, LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, the same amount reported by Kbam Builders and received an average PPP loan of $45,182, 81% higher than this company's loan of $24,900.
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Footnotes & Information
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