PPP Loan Data — Kelly's Food, Inc, Winter Garden, FL
Kelly's Food, Inc is a subchapter s corporation located at 650 Carter Rd in Winter Garden, Florida that received a Coronavirus-related PPP loan from the SBA of $1,800,800.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Kelly's Food, Inc in Winter Garden, FL received a Paycheck Protection Loan of $1.8M 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, Kelly's Food, Inc's 2019 payroll expenses are estimated to be at least $8.64M.
Based on their reported 234 jobs retained, this equals an estimated average yearly compensation of $36,939 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kelly's Food, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,800,800
Business Information - Kelly's Food, Inc in Winter Garden, FL
650 Carter Rd
Winter Garden, FL 34787
Poultry and Poultry Product Merchant Wholesalers
NAICS code 424440
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 693 businesses in the "Poultry and Poultry Product Merchant Wholesalers" industry received a total of $90.78M 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 15 employees, 94% lower than Kelly's Food, Inc's reported 234 employees, and received an average PPP loan of $131,001, 93% lower than this company's loan of $1.8M.
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Footnotes & Information
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