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

PPP Loan Data — Kim International Corporation, Garden Grove, CA

SBA PPP loan data, payroll data, and salaries for Kim International Corporation
CA

Kim International Corporation

Entity: Corporation

Industry: Glass Container Manufacturing

Location: Garden Grove, CA

Search All PPP Data

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 #6659527308

Loan Size:

$1.9M

Jobs Retained:

129

Loan Approved:

2020-04-30

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

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, 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

Kim International Corporation
11958 Monarch St
Garden Grove, CA 92841

Business Industry:
Glass Container Manufacturing
NAICS code 327213

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: Y

HUBZone: N

Rural / Urban: Urban

Orange County, CA — SBA Office 0920 — Congressional District: CA-47

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.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/kim-international-corporation-garden-grove-ca