PPP Loan Data — Kentuckiana Medical Distributors, LLC, Louisville, KY
Kentuckiana Medical Distributors, LLC
Entity: Limited Liability Company (LLC)
Location: Louisville, KYTweet This • Search All PPP Data
Kentuckiana Medical Distributors, LLC is a limited liability company (LLC) located at 9200 Hassy Way in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $45,757.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:River City Bank, Inc
Kentuckiana Medical Distributors, LLC in Louisville, KY received a Paycheck Protection Loan of $45,757 through River City 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, Kentuckiana Medical Distributors, LLC's 2019 payroll expenses are estimated to be at least $219,634.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,606 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kentuckiana Medical Distributors, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,757
Business Information - Kentuckiana Medical Distributors, LLC in Louisville, KY
9200 Hassy Way
Louisville, KY 40299
Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers
NAICS code 423450
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 8 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 6) and received an average PPP loan of $101,685 (compared to this company's $45,757).
Similar Nearby Businesses Who Received PPP Funding:
Lite Source, Inc
Legacy Surgical Specialties, LLC
JW Reliance LLC
The Raynostix Group, LLC
Heartland Medical Sales & Services, LLC
Industry PPP Comparison Statistics
Nationwide, 14,443 businesses in the "Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers" industry received a total of $1.42B 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 9 employees, 50% higher than Kentuckiana Medical Distributors, LLC's reported 6 employees, and received an average PPP loan of $98,382, 115% higher than this company's loan of $45,757.
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