PPP Loan Data — Kestrel Manufacturing, Inc, Stowe, PA
Kestrel Manufacturing, Inc is a corporation located at 9 E Race St in Stowe, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,465.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Santander Bank, National Association
Kestrel Manufacturing, Inc in Stowe, PA received a Paycheck Protection Loan of $25,465 through Santander Bank, National Association, 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 April, 2021.
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, Kestrel Manufacturing, Inc's 2019 payroll expenses are estimated to be at least $122,232.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,558 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kestrel Manufacturing, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,465
Business Information - Kestrel Manufacturing, Inc in Stowe, PA
9 E Race St
Stowe, PA 19464
Wood Window and Door Manufacturing
NAICS code 321911
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 1,329 businesses in the "Wood Window and Door Manufacturing" industry received a total of $269.4M 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 19 employees, 375% higher than Kestrel Manufacturing, Inc's reported 4 employees, and received an average PPP loan of $202,705, 696% higher than this company's loan of $25,465.
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Footnotes & Information
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