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

PPP Loan Data — Kitchen Fresh Foods LLC, Green Bay, WI

SBA PPP loan data, payroll data, and salaries for Kitchen Fresh Foods LLC
WI

Kitchen Fresh Foods LLC

Entity: Limited Liability Company (LLC)

Industry: Perishable Prepared Food Manufacturing

Location: Green Bay, WI

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Kitchen Fresh Foods LLC is a limited liability company (LLC) located at 1375 Gruber Rd in Green Bay, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $2,570,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.57M

Jobs Retained:

318

Loan Approved:

2020-04-06

Lender:

EAST WEST BANK

Kitchen Fresh Foods LLC received a Paycheck Protection Loan of $2.57M through EAST WEST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kitchen Fresh Foods LLC's total 2019 payroll expenses were approximately $12.34M in order to qualify for the PPP loan amount received.

Based on their reported 318 jobs retained, this equals an estimated average yearly compensation of $38,795 per employee1.

Because the loan received by Kitchen Fresh Foods LLC 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 - Kitchen Fresh Foods LLC in Green Bay, WI

Kitchen Fresh Foods LLC
1375 Gruber Rd
Green Bay, WI 54313

Business Industry

Perishable Prepared Food Manufacturing (NAICS code 311991)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: WI-08

Industry PPP Comparison Statistics

Nationwide, 917 businesses in the "Perishable Prepared Food Manufacturing" industry received a total of $218,265,244.00 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 22 employees, 93% lower than Kitchen Fresh Foods LLC's reported 318 employees, and received an average PPP loan of $238,021, 91% lower than this company's loan of $2.57M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/kitchen-fresh-foods-llc-green-bay-wi