PPP Loan Data — Kentucky Rebuild Corp, Independence, KY
Kentucky Rebuild Corp is a subchapter s corporation located at 10665 Toebben Dr in Independence, Kentucky that received a Coronavirus-related PPP loan from the SBA of $1,539,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 74 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Central Bank & Trust Co.
Kentucky Rebuild Corp in Independence, KY received a Paycheck Protection Loan of $1.54M through Central Bank & Trust Co., which was approved in April, 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, Kentucky Rebuild Corp's 2019 payroll expenses are estimated to be at least $7.39M.
Based on their reported 74 jobs retained, this equals an estimated average yearly compensation of $99,827 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kentucky Rebuild Corp reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,000,000
- Utilities: $289,000
- Mortgage Interest: $250,000
Business Information - Kentucky Rebuild Corp in Independence, KY
10665 Toebben Dr
Independence, KY 41051
NAICS code 332710
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 16,572 businesses in the "Machine Shops" industry received a total of $2.92B 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 15 employees, 80% lower than Kentucky Rebuild Corp's reported 74 employees, and received an average PPP loan of $176,279, 89% lower than this company's loan of $1.54M.
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Footnotes & Information
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