PPP Loan Data — Key Management Company, Wichita, KS
Key Management Company is a subchapter s corporation located at 7701 E Kellogg Dr Ste 250 in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $1,785,600.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Key Management Company in Wichita, KS received a Paycheck Protection Loan of $1.79M through Equity Bank, 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 December, 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, Key Management Company's 2019 payroll expenses are estimated to be at least $8.57M.
Based on their reported 230 jobs retained, this equals an estimated average yearly compensation of $37,265 per employee1
Reported PPP Proceed Usage:
On the PPP application, Key Management Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,785,600
Business Information - Key Management Company in Wichita, KS
7701 E Kellogg Dr Ste 250
Wichita, KS 67207
Residential Property Managers
NAICS code 531311
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Wichita
In the Wichita area, 8 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 230) and received an average PPP loan of $285,829 (compared to this company's $1.79M).
Similar Nearby Businesses Who Received PPP Funding:
Priority Investments LLC
Property Management Partners, LLC
Cedar Mills Property Management
Industry PPP Comparison Statistics
Nationwide, 36,628 businesses in the "Residential Property Managers" industry received a total of $3.05B 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, 96% lower than Key Management Company's reported 230 employees, and received an average PPP loan of $83,394, 95% lower than this company's loan of $1.79M.
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Footnotes & Information
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