PPP Loan Data — Kemper CPA Group, LLP, Evansville, IN
Kemper CPA Group, LLP is a limited liability partnership located at 7200 Eagle Crest Blvd in Evansville, Indiana that received a Coronavirus-related PPP loan from the SBA of $5,152,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 229 people during the applicable loan loan period.
$ PPP Loan Information
Lender:OLD NATIONAL BANK
Kemper CPA Group, LLP received a Paycheck Protection Loan of $5.15M through OLD NATIONAL BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 229 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 247.
Based on standard PPP eligibility rules, Kemper CPA Group, LLP's total 2019 payroll expenses were approximately $24.73M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 229 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Kemper CPA Group, LLP in Evansville, IN
7200 Eagle Crest Blvd
Evansville, IN 47715
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: IN-08
Similar Companies near Evansville
In the Evansville area, 7 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 229) and received an average PPP loan of $760,695 (compared to this company's $5.15M).
Similar Nearby Businesses Who Received PPP Funding:
Frank R Komar, PC
RJ Pohl & Associates Inc
William Frederick Wittman
Clarence W Utley PC
Browns Tax Service
Kruse, Dicus & Associates, LLP
Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 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 6 employees, 97% lower than Kemper CPA Group, LLP's reported 229 employees, and received an average PPP loan of $88,968, 98% lower than this company's loan of $5.15M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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