PPP Loan Data — Kerkstra Waste Recovery And Environmental Services Inc, Muskegon, MI
Kerkstra Waste Recovery And Environmental Services Inc is a subchapter s corporation located at 1651 Walker Road in Muskegon, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Huntington National Bank
Kerkstra Waste Recovery And Environmental Services Inc in Muskegon, MI received a Paycheck Protection Loan of $25,000 through The Huntington National Bank, 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, Kerkstra Waste Recovery And Environmental Services Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kerkstra Waste Recovery And Environmental Services Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Kerkstra Waste Recovery And Environmental Services Inc in Muskegon, MI
1651 Walker Road
Muskegon, MI 49442
Facilities Support Services
NAICS code 561210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,275 businesses in the "Facilities Support Services" industry received a total of $630.92M 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 13 employees, 333% higher than Kerkstra Waste Recovery And Environmental Services Inc's reported 3 employees, and received an average PPP loan of $119,606, 378% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!