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PPP Loan Data — Kimber MFG, Inc, Yonkers, NY

SBA PPP loan data, payroll data, and salaries for Kimber MFG, Inc
NY

Kimber MFG, Inc

Entity: Corporation

Industry: Small Arms, Ordnance, and Ordnance Accessories Manufacturing

Location: Yonkers, NY

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Kimber MFG, Inc is a corporation located at 1120 Sawmill River Road in Yonkers, New York that received a Coronavirus-related PPP loan from the SBA of $7,133,500.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 479 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$7.13M

Jobs Retained:

479

Loan Approved:

2020-04-15

Lender:

REGIONS BANK

Kimber MFG, Inc received a Paycheck Protection Loan of $7.13M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kimber MFG, Inc's total 2019 payroll expenses were approximately $34.24M in order to qualify for the PPP loan amount received.

Based on their reported 479 jobs retained, this equals an estimated average yearly compensation of $71,484 per employee1.

Because the loan received by Kimber MFG, Inc 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 - Kimber MFG, Inc in Yonkers, NY

Kimber MFG, Inc
1120 Sawmill River Road
Yonkers, NY 10710

Business Industry

Small Arms, Ordnance, and Ordnance Accessories Manufacturing (NAICS code 332994)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: NY-16

Industry PPP Comparison Statistics

Nationwide, 392 businesses in the "Small Arms, Ordnance, and Ordnance Accessories Manufacturing" industry received a total of $102,366,607.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 21 employees, 96% lower than Kimber MFG, Inc's reported 479 employees, and received an average PPP loan of $261,139, 96% lower than this company's loan of $7.13M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/kimber-mfg-inc-yonkers-ny