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PPP Loan Data — Kfacc LLC,
Duluth, GA
Kfacc LLC
Entity: Limited Liability Company (LLC)
Industry: New Car Dealers
Location: Duluth, GA
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Kfacc LLC is a limited liability company (LLC) located at 1705 Boggs Rd in Duluth, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,429,100.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
188Loan Approved:
2020-04-09Lender:
PNC BANK, NATIONAL ASSOCIATIONKfacc LLC in Duluth, GA received a Paycheck Protection Loan of $2.43M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kfacc LLC's total 2019 payroll expenses were approximately $11.66M in order to qualify for the PPP loan amount received.
Based on their reported 188 jobs retained, this equals an estimated average yearly compensation of $62,020 per employee1.
Business Information - Kfacc LLC in Duluth, GA
1705 Boggs Rd
Duluth, GA 30096
Business Industry
New Car Dealers (NAICS code 441110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: GA-07Similar Companies near Duluth
In the Duluth area, 5 businesses in the "New Car Dealers" industry received a PPP loan. These local businesses reported an average of 82 employees (compared to this company's 188) and received an average PPP loan of $1,102,169 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
MBS Motors, Inc
Duluth, GA
Johnson Automotive Group, Inc
Duluth, GA
Atlanta Services Enterprise Inc
Duluth, GA
Rick Case Cars, Inc.
Duluth, GA
Industry PPP Comparison Statistics
Nationwide, 16,570 businesses in the "New Car Dealers" industry received a total of $10,869,996,969.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 47 employees, 75% lower than Kfacc LLC's reported 188 employees, and received an average PPP loan of $656,005, 73% lower than this company's loan of $2.43M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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