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PPP Loan Data — Kenny Pipe & Supply, Inc., Nashville, TN

SBA PPP loan data, payroll data, and salaries for Kenny Pipe & Supply, Inc.
TN

Kenny Pipe & Supply, Inc.

Entity: Corporation

Industry: Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers

Location: Nashville, TN

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Kenny Pipe & Supply, Inc. is a corporation located at 811 Cowan St in Nashville, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,601,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.6M

Jobs Retained:

202

Loan Approved:

2020-04-12

Lender:

PINNACLE BANK

Kenny Pipe & Supply, Inc. received a Paycheck Protection Loan of $2.6M through PINNACLE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kenny Pipe & Supply, Inc.'s total 2019 payroll expenses were approximately $12.49M in order to qualify for the PPP loan amount received.

Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $61,823 per employee1.

Because the loan received by Kenny Pipe & Supply, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Kenny Pipe & Supply, Inc. in Nashville, TN

Kenny Pipe & Supply, Inc.
811 Cowan St
Nashville, TN 37207

Business Industry

Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers (NAICS code 423720)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TN-05

Industry PPP Comparison Statistics

Nationwide, 2,431 businesses in the "Plumbing and Heating Equipment and Supplies (Hydronics) Merchant Wholesalers" industry received a total of $601,862,879.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 16 employees, 92% lower than Kenny Pipe & Supply, Inc.'s reported 202 employees, and received an average PPP loan of $247,578, 90% lower than this company's loan of $2.6M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/kenny-pipe-and-supply-inc-nashville-tn