PPP Loan Data — Kenneth J Stills, Brawley, CA
Kenneth J Stills
Entity: Sole Proprietorship
Location: Brawley, CATweet This • Search All PPP Data
Kenneth J Stills is a sole proprietorship located at 524 J St in Brawley, California that received a Coronavirus-related PPP loan from the SBA of $46,968.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Community Valley Bank
Kenneth J Stills in Brawley, CA received a Paycheck Protection Loan of $46,968 through Community Valley Bank, which was approved in January, 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, Kenneth J Stills' 2019 payroll expenses are estimated to be at least $225,446.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $45,089 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kenneth J Stills reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,968
Business Information - Kenneth J Stills in Brawley, CA
524 J St
Brawley, CA 92227
Electrical Contractors and Other Wiring Installation Contractors
NAICS code 238210
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: Urban
Similar Companies near Brawley
In the Brawley area, 6 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $61,563 (compared to this company's $46,968).
Similar Nearby Businesses Who Received PPP Funding:
Omega Electric Inc
Alfonzo Alvarez Velazquez
Industry PPP Comparison Statistics
Nationwide, 82,626 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $11.77B 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 11 employees, 120% higher than Kenneth J Stills' reported 5 employees, and received an average PPP loan of $142,494, 203% higher than this company's loan of $46,968.
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Footnotes & Information
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