PPP Loan Data — Kevin Burke Contracting Inc, Ocean Beach, NY
Kevin Burke Contracting Inc is a corporation located at 31 Sextant Walk in Ocean Beach, New York that received a Coronavirus-related PPP loan from the SBA of $25,230.00 in May, 2020.
The company has reported itself as a White owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Kevin Burke Contracting Inc in Ocean Beach, NY received a Paycheck Protection Loan of $25,230 through JPMorgan Chase Bank, National Association, which was approved in May, 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, Kevin Burke Contracting Inc's 2019 payroll expenses are estimated to be at least $121,104.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,276 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kevin Burke Contracting Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,230
Business Information - Kevin Burke Contracting Inc in Ocean Beach, NY
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Kevin Burke Contracting Inc's reported 4 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,230.
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Footnotes & Information
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