PPP Loan Data — Kenworth Northeast Group, Inc., Lackawanna, NY
Kenworth Northeast Group, Inc.
Entity: Subchapter S Corporation
Location: Lackawanna, NYTweet This • Search All PPP Data
Kenworth Northeast Group, Inc. is a subchapter s corporation located at 100 Commerce Drive in Lackawanna, New York that received a Coronavirus-related PPP loan from the SBA of $3,406,400.00 in April, 2020.
$ PPP Loan Information
Lender:MANUFACTURERS AND TRADERS TRUST COMPANY
Kenworth Northeast Group, Inc. in Lackawanna, NY received a Paycheck Protection Loan of $3.41M through MANUFACTURERS AND TRADERS TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kenworth Northeast Group, Inc.'s total 2019 payroll expenses were approximately $16.35M in order to qualify for the PPP loan amount received.
Based on their reported 280 jobs retained, this equals an estimated average yearly compensation of $58,395 per employee1.
Business Information - Kenworth Northeast Group, Inc. in Lackawanna, NY
100 Commerce Drive
Lackawanna, NY 14218
Motorcycle, ATV, and All Other Motor Vehicle Dealers (NAICS code 441228)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NY-26
Similar Companies near Lackawanna
In the Lackawanna area, 2 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a PPP loan. These local businesses reported an average of 142 employees (compared to this company's 280) and received an average PPP loan of $1,708,688 (compared to this company's $3.41M).
Similar Nearby Businesses Who Received PPP Funding:
Golf Car City LLC
Industry PPP Comparison Statistics
Nationwide, 5,280 businesses in the "Motorcycle, ATV, and All Other Motor Vehicle Dealers" industry received a total of $853,860,010.00 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 14 employees, 95% lower than Kenworth Northeast Group, Inc.'s reported 280 employees, and received an average PPP loan of $161,716, 95% lower than this company's loan of $3.41M.
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, and is published unmodified, as provided by the SBA.
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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