PPP Loan Data — Kevin Inc, Kittery, ME
Kevin Inc is a subchapter s corporation located at 301 Us Route 1 in Kittery, Maine that received a Coronavirus-related PPP loan from the SBA of $2,437,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:TD Bank, National Association
Kevin Inc in Kittery, ME received a Paycheck Protection Loan of $2.44M through TD Bank, National Association, 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, Kevin Inc's 2019 payroll expenses are estimated to be at least $11.7M.
Based on their reported 316 jobs retained, this equals an estimated average yearly compensation of $37,025 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kevin Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,437,500
Business Information - Kevin Inc in Kittery, ME
301 Us Route 1
Kittery, ME 3904
Sporting Goods Stores
NAICS code 451110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Kittery
In the Kittery area, 2 businesses in the "Sporting Goods Stores" industry received a PPP loan. These local businesses reported an average of 161 employees (compared to this company's 316) and received an average PPP loan of $1,234,290 (compared to this company's $2.44M).
Similar Nearby Businesses Who Received PPP Funding:
Redmaple Sportswear Co. LLC
Industry PPP Comparison Statistics
Nationwide, 13,835 businesses in the "Sporting Goods Stores" industry received a total of $738.33M 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 8 employees, 97% lower than Kevin Inc's reported 316 employees, and received an average PPP loan of $53,367, 98% lower than this company's loan of $2.44M.
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Footnotes & Information
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