PPP Loan Data — Kendall House, Inc, Massillon, OH
Kendall House, Inc is a subchapter s corporation located at 1207 Lincoln Way East in Massillon, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,935,000.00 in April, 2020. This business is a KFC franchise.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Huntington National Bank
Kendall House, Inc in Massillon, OH received a Paycheck Protection Loan of $1.94M through The Huntington National Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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 House, Inc's 2019 payroll expenses are estimated to be at least $9.29M.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $18,576 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kendall House, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,935,000
Business Information - Kendall House, Inc in Massillon, OH
1207 Lincoln Way East
Massillon, OH 44646
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
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 Massillon
In the Massillon area, 11 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 61 employees (compared to this company's 500) and received an average PPP loan of $210,525 (compared to this company's $1.94M).
Similar Nearby Businesses Who Received PPP Funding:
Tremont Coffee Company LLC
K2 Concepts Inc
BC Long LLC
Marscottis Pizza Inc
Big Ass Salads, LLC
Rector Enterprises LLC
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 96% lower than Kendall House, Inc's reported 500 employees, and received an average PPP loan of $100,980, 95% lower than this company's loan of $1.94M.
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Footnotes & Information
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