PPP Loan Data — Kindl Enterprises, Inc, Hillsborough, NC
Kindl Enterprises, Inc is a corporation located at 129 N Scotswood Blvd in Hillsborough, North Carolina that received a Coronavirus-related PPP loan from the SBA of $47,000.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Kindl Enterprises, Inc in Hillsborough, NC received a Paycheck Protection Loan of $47,000 through Truist Bank d/b/a Branch Banking & Trust Co, 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, Kindl Enterprises, Inc's 2019 payroll expenses are estimated to be at least $225,600.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $37,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kindl Enterprises, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,000
Business Information - Kindl Enterprises, Inc in Hillsborough, NC
129 N Scotswood Blvd
Hillsborough, NC 27278
NAICS code 722513
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Hillsborough
In the Hillsborough area, 9 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 6) and received an average PPP loan of $60,844 (compared to this company's $47,000).
Similar Nearby Businesses Who Received PPP Funding:
Kindl Enterprises In
KB Treats LLC
PT. Harris Holdings LLC
Zhang Garden Inc
Hillsborough Pizzeria, Inc
Industry PPP Comparison Statistics
Nationwide, 137,629 businesses in the "Limited-Service Restaurants" industry received a total of $13.9B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 21 employees, 250% higher than Kindl Enterprises, Inc's reported 6 employees, and received an average PPP loan of $100,980, 115% higher than this company's loan of $47,000.
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Footnotes & Information
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