PPP Loan Data — Kergan Bros., Inc., Lafayette, LA
Kergan Bros., Inc. is a corporation located at 1021 Camellia Blvd in Lafayette, Louisiana that received a Coronavirus-related PPP loan from the SBA of $5,500,300.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:HOME BANK, NATIONAL ASSOCIATION
Kergan Bros., Inc. in Lafayette, LA received a Paycheck Protection Loan of $5.5M through HOME BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kergan Bros., Inc.'s total 2019 payroll expenses were approximately $26.4M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $52,803 per employee1.
Business Information - Kergan Bros., Inc. in Lafayette, LA
1021 Camellia Blvd
Lafayette, LA 70508
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: LA-03
Similar Companies near Lafayette
In the Lafayette area, 18 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 37 employees (compared to this company's 500) and received an average PPP loan of $421,011 (compared to this company's $5.5M).
Similar Nearby Businesses Who Received PPP Funding:
SUB Hospital LLC
Thai With Love, LLC
Crawfish Spot LLC
LCM Foods, LLC
SAI Ram 6632 Inc.
Corner Subs LLC
DIX Dax, LLC
Quality Fresh Food, LLC
DAD & Daughter Ventures LLC
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than Kergan Bros., Inc.'s reported 500 employees, and received an average PPP loan of $120,904, 98% lower than this company's loan of $5.5M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!