PPP Loan Data — Kidstlc, Inc, Olathe, KS
Kidstlc, Inc is a non-profit childcare center located at 480 S. Rogers Rd in Olathe, Kansas that received a Coronavirus-related PPP loan from the SBA of $1,985,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Kidstlc, Inc in Olathe, KS received a Paycheck Protection Loan of $1.99M through CrossFirst 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 June, 2021.
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, Kidstlc, Inc's 2019 payroll expenses are estimated to be at least $9.53M.
Based on their reported 240 jobs retained, this equals an estimated average yearly compensation of $39,716 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kidstlc, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,985,800
Business Information - Kidstlc, Inc in Olathe, KS
480 S. Rogers Rd
Olathe, KS 66062
Other Grantmaking and Giving Services
NAICS code 813219
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Olathe
In the Olathe area, 5 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 60 employees (compared to this company's 240) and received an average PPP loan of $443,380 (compared to this company's $1.99M).
Similar Nearby Businesses Who Received PPP Funding:
Auntie Jo's Foundation
Wells For Life
Industry PPP Comparison Statistics
Nationwide, 9,799 businesses in the "Other Grantmaking and Giving Services" industry received a total of $1.32B 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 15 employees, 94% lower than Kidstlc, Inc's reported 240 employees, and received an average PPP loan of $134,570, 93% lower than this company's loan of $1.99M.
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Footnotes & Information
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