PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — KI Mobility LLC, Stevens Point, WI

ALERT: There are 2 PPP loans for a total of $4.99M in our database for businesses with the name "KI Mobility LLC" in Stevens Point, WI. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for KI Mobility LLC
WI

KI Mobility LLC

Entity: Limited Liability Company (LLC)

Industry: Motorcycle, Bicycle, and Parts Manufacturing

Location: Stevens Point, WI

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KI Mobility LLC is a limited liability company (LLC) located at 5201 Woodward Dr in Stevens Point, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

$ PPP Loan Information
Loan #5450958309

Loan Size:

$2M

Jobs Retained:

264

Loan Approved:

2021-01-25

Loan Status:

Ongoing Loan

Lender:

BMO Harris Bank National Association

KI Mobility LLC in Stevens Point, WI received a Paycheck Protection Loan of $2M through BMO Harris Bank National Association, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, KI Mobility LLC's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 264 jobs retained, this equals an estimated average yearly compensation of $36,364 per employee1

Reported PPP Proceed Usage:

On the PPP application, KI Mobility LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by KI Mobility LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - KI Mobility LLC in Stevens Point, WI

KI Mobility LLC
5201 Woodward Dr
Stevens Point, WI 54481

Business Industry:
Motorcycle, Bicycle, and Parts Manufacturing
NAICS code 336991

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Portage County, WI — SBA Office 0563 — Congressional District: WI-03

Industry PPP Comparison Statistics

Nationwide, 687 businesses in the "Motorcycle, Bicycle, and Parts Manufacturing" industry received a total of $65.56M 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 11 employees, 96% lower than KI Mobility LLC's reported 264 employees, and received an average PPP loan of $95,431, 95% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for KI Mobility, LLC
WI

KI Mobility, LLC

Entity: Limited Liability Company (LLC)

Industry: Surgical and Medical Instrument Manufacturing

Location: Stevens Point, WI

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KI Mobility, LLC is a limited liability company (LLC) located at 5201 Woodward Drive in Stevens Point, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,986,700.00 in April, 2020.

$ PPP Loan Information
Loan #6424597008

Loan Size:

$2.99M

Jobs Retained:

297

Loan Approved:

2020-04-06

Loan Status:

Ongoing Loan

Lender:

BMO Harris Bank National Association

KI Mobility, LLC in Stevens Point, WI received a Paycheck Protection Loan of $2.99M through BMO Harris Bank National Association, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, KI Mobility, LLC's 2019 payroll expenses are estimated to be at least $14.34M.

Based on their reported 297 jobs retained, this equals an estimated average yearly compensation of $48,270 per employee1

Reported PPP Proceed Usage:

On the PPP application, KI Mobility, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,986,700
Because the loan received by KI Mobility, LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - KI Mobility, LLC in Stevens Point, WI

KI Mobility, LLC
5201 Woodward Drive
Stevens Point, WI 54481

Business Industry:
Surgical and Medical Instrument Manufacturing
NAICS code 339112

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Portage County, WI — SBA Office 0563 — Congressional District: WI-03

Industry PPP Comparison Statistics

Nationwide, 3,343 businesses in the "Surgical and Medical Instrument Manufacturing" industry received a total of $852.23M 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 19 employees, 94% lower than KI Mobility, LLC's reported 297 employees, and received an average PPP loan of $254,931, 91% lower than this company's loan of $2.99M.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/ki-mobility-llc-stevens-point-wi