PPP Loan Data — Kendall Alaska LLC, Anchorage, AK
Kendall Alaska LLC is a limited liability company (LLC) located at 6930 Old Seward Hwy in Anchorage, Alaska that received a Coronavirus-related PPP loan from the SBA of $1,972,400.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 179 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Kendall Alaska LLC in Anchorage, AK received a Paycheck Protection Loan of $1.97M through Umpqua Bank, 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, Kendall Alaska LLC's 2019 payroll expenses are estimated to be at least $9.47M.
Based on their reported 179 jobs retained, this equals an estimated average yearly compensation of $52,891 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kendall Alaska LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,972,400
Business Information - Kendall Alaska LLC in Anchorage, AK
6930 Old Seward Hwy
Anchorage, AK 99518
Used Car Dealers
NAICS code 441120
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Anchorage
In the Anchorage area, 11 businesses in the "Used Car Dealers" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 179) and received an average PPP loan of $241,045 (compared to this company's $1.97M).
Similar Nearby Businesses Who Received PPP Funding:
United Auto Sales LLC
Frontier Auto Sales LLC
MW Motors, Inc
New 2 U Auto LLC
Floris Auto Sale
Floris Auto Sales LLC
Quality Auto Sales, LLC
Accurate Import Center, Inc
Industry PPP Comparison Statistics
Nationwide, 40,336 businesses in the "Used Car Dealers" industry received a total of $2.19B 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, 97% lower than Kendall Alaska LLC's reported 179 employees, and received an average PPP loan of $54,194, 97% lower than this company's loan of $1.97M.
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Footnotes & Information
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