PPP Loan Data — Kelcor LLC, Ashburn, VA
Kelcor LLC is a limited liability company (LLC) located at 42395 Ryan Rd in Ashburn, Virginia that received a Coronavirus-related PPP loan from the SBA of $25,225.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Kelcor LLC in Ashburn, VA received a Paycheck Protection Loan of $25,225 through Truist Bank d/b/a Branch Banking & Trust Co, 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, Kelcor LLC's 2019 payroll expenses are estimated to be at least $121,080.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,297 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kelcor LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,225
Business Information - Kelcor LLC in Ashburn, VA
42395 Ryan Rd
Ashburn, VA 20148
Private Mail Centers
NAICS code 561431
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Ashburn
In the Ashburn area, 3 businesses in the "Private Mail Centers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 7) and received an average PPP loan of $19,413 (compared to this company's $25,225).
Similar Nearby Businesses Who Received PPP Funding:
TRM Ashburn, Inc
Industry PPP Comparison Statistics
Nationwide, 1,987 businesses in the "Private Mail Centers" industry received a total of $76.31M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 14% lower than Kelcor LLC's reported 7 employees, and received an average PPP loan of $38,404, 52% higher than this company's loan of $25,225.
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Footnotes & Information
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