PPP Loan Data — Kingdom Building Services, Murfreesboro, TN
Kingdom Building Services is a limited liability company (LLC) located at 3410 Country Almond Way in Murfreesboro, Tennessee that received a Coronavirus-related PPP loan from the SBA of $45,905.00 in April, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least ten people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Kingdom Building Services in Murfreesboro, TN received a Paycheck Protection Loan of $45,905 through Pinnacle 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 April, 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, Kingdom Building Services' 2019 payroll expenses are estimated to be at least $220,344.
Based on their reported 10 jobs retained, this equals an estimated average yearly compensation of $22,034 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kingdom Building Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,905
Business Information - Kingdom Building Services in Murfreesboro, TN
3410 Country Almond Way
Murfreesboro, TN 37128
NAICS code 561720
Business Owner Demographics
Race: Black or African American
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Murfreesboro
In the Murfreesboro area, 68 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 10) and received an average PPP loan of $14,532 (compared to this company's $45,905).
Similar Nearby Businesses Who Received PPP Funding:
Elisbeth Urdaneta Urdaneta
Preventative Maintenance LLC
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 50% lower than Kingdom Building Services' reported 10 employees, and received an average PPP loan of $30,311, 34% lower than this company's loan of $45,905.
FederalPay's PPP Information Policy
Footnotes & Information
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