PPP Loan Data — Kevron Management Inc, Memphis, TN
Kevron Management Inc is a subchapter s corporation located in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $7,475.00 in February, 2021.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Commercial Bank and Trust Company
Kevron Management Inc in Memphis, TN received a Paycheck Protection Loan of $7,475 through Commercial Bank and Trust Company, which was approved in February, 2021.
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 August, 2021.
Reported PPP Proceed Usage:
On the PPP application, Kevron Management Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $7,474
Business Information - Kevron Management Inc in Memphis, TN
* Full address is redacted to protect the privacy of individuals.
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Kevron Management Inc.
The Mail Center
Other Business Service Centers (including Copy Shops)
Major Arcana 3
All Other Personal Services
Other Activities Related to Real Estate
Specialized Freight (except Used Goods) Trucking, Local
Marketing Consulting Services
The Crenterprise Consulting
Other Management Consulting Services
Marco D Todd
Used Car Dealers
Similar Companies near Memphis
In the Memphis area, 20 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 1) and received an average PPP loan of $181,598 (compared to this company's $7,475).
Similar Nearby Businesses Who Received PPP Funding:
Bgss Investments Inc
JEF Systems, LLC
East Lake Partners
Alco Management, Inc
Capitol Hill Partners
West Seattle Two Partners
Industry PPP Comparison Statistics
Nationwide, 35,979 businesses in the "Residential Property Managers" industry received a total of $3.03B 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 9 employees, 800% higher than Kevron Management Inc's reported 1 employees, and received an average PPP loan of $84,237, 1027% higher than this company's loan of $7,475.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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