PPP Loan Data — Kenneth Hall Plumbing, Inc, Waco, KY
Kenneth Hall Plumbing, Inc
Entity: Subchapter S Corporation
Location: Waco, KYTweet This • Search All PPP Data
Kenneth Hall Plumbing, Inc is a subchapter s corporation located at 244 College Hill Rd in Waco, Kentucky that received a Coronavirus-related PPP loan from the SBA of $46,400.00 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:Paid in Full or Forgiven
Lender:1st Trust Bank, Inc.
Kenneth Hall Plumbing, Inc in Waco, KY received a Paycheck Protection Loan of $46,400 through 1st Trust Bank, Inc., 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 November, 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, Kenneth Hall Plumbing, Inc's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $31,817 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kenneth Hall Plumbing, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - Kenneth Hall Plumbing, Inc in Waco, KY
244 College Hill Rd
Waco, KY 40385
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Waco
In the Waco area, 3 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 7) and received an average PPP loan of $30,950 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
1ST Service LLC
Industry PPP Comparison Statistics
Nationwide, 105,811 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $13.07B 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 10 employees, 43% higher than Kenneth Hall Plumbing, Inc's reported 7 employees, and received an average PPP loan of $123,520, 166% higher than this company's loan of $46,400.
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