FederalPay.org
PPP Loan Data — KCF Technologies Inc,
State College, PA
KCF Technologies Inc
Entity: Subchapter S Corporation
Industry: Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables
Location: State College, PA
Tweet This
•
Search All PPP Data
KCF Technologies Inc is a subchapter s corporation located at 336 S Fraser St in State College, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,290,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
230Loan Approved:
2020-04-12Lender:
PNC BANK, NATIONAL ASSOCIATIONKCF Technologies Inc in State College, PA received a Paycheck Protection Loan of $3.29M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, KCF Technologies Inc's total 2019 payroll expenses were approximately $15.79M in order to qualify for the PPP loan amount received.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $68,667 per employee1.
Business Information - KCF Technologies Inc in State College, PA
336 S Fraser St
State College, PA 16801
Business Industry
Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables (NAICS code 334513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: PA-12Industry PPP Comparison Statistics
Nationwide, 719 businesses in the "Instruments and Related Products Manufacturing for Measuring, Displaying, and Controlling Industrial Process Variables" industry received a total of $285,355,038.00 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 24 employees, 90% lower than KCF Technologies Inc's reported 230 employees, and received an average PPP loan of $396,878, 88% lower than this company's loan of $3.29M.
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!