PPP Loan Data — Kent Power, Inc., Rockford, MI
Kent Power, Inc.
Entity: Subchapter S Corporation
Location: Rockford, MITweet This • Search All PPP Data
Kent Power, Inc. is a subchapter s corporation located at 7800 Childsdale Ave Ne in Rockford, Michigan that received a Coronavirus-related PPP loan from the SBA of $7,687,000.00 in April, 2020.
The company has reported itself as a White female owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Kent Power, Inc. in Rockford, MI received a Paycheck Protection Loan of $7.69M through MACATAWA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kent Power, Inc.'s total 2019 payroll expenses were approximately $36.9M in order to qualify for the PPP loan amount received.
Unlike most businesses, Kent Power, Inc.'s PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Kent Power, Inc. in Rockford, MI
7800 Childsdale Ave Ne
Rockford, MI 49341
Electrical Contractors and Other Wiring Installation Contractors (NAICS code 238210)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: MI-03
Industry PPP Comparison Statistics
Nationwide, 44,489 businesses in the "Electrical Contractors and Other Wiring Installation Contractors" industry received a total of $8,060,101,877.00 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 12 employees, and received an average PPP loan of $181,171, 98% lower than this company's loan of $7.69M.
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Footnotes & Information
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