PPP Loan Data — Kim International Corporation, Garden Grove, CA
Kim International Corporation is a corporation located at 11958 Monarch St in Garden Grove, California that received a Coronavirus-related PPP loan from the SBA of $1,900,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Bennington State Bank
Kim International Corporation in Garden Grove, CA received a Paycheck Protection Loan of $1.9M through The Bennington State 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 March, 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, Kim International Corporation's 2019 payroll expenses are estimated to be at least $9.12M.
Based on their reported 129 jobs retained, this equals an estimated average yearly compensation of $70,698 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kim International Corporation reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,900,000
Business Information - Kim International Corporation in Garden Grove, CA
11958 Monarch St
Garden Grove, CA 92841
Glass Container Manufacturing
NAICS code 327213
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 96 businesses in the "Glass Container Manufacturing" industry received a total of $22.98M 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 20 employees, 84% lower than Kim International Corporation's reported 129 employees, and received an average PPP loan of $239,369, 87% lower than this company's loan of $1.9M.
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Footnotes & Information
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