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

PPP Loan Data — KKL Solutions LLC, New York, NY

ALERT: There are 2 PPP loans for a total of $34,438 in our database for businesses with the name "KKL Solutions LLC" in New York, NY. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for KKL Solutions LLC
NY

KKL Solutions LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Professional, Scientific, and Technical Services

Location: New York, NY

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KKL Solutions LLC is a limited liability company (LLC) located at 12 E 49th St Fl 11 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $17,127.00 in March, 2021.

$ PPP Loan Information
Loan #5108538600

Loan Size:

$17,127

Jobs Retained:

4

Loan Approved:

2021-03-20

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

KKL Solutions LLC in New York, NY received a Paycheck Protection Loan of $17,127 through Bank of America, National Association, which was approved in March, 2021.

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 October, 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, KKL Solutions LLC's 2019 payroll expenses are estimated to be at least $82,210.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $20,553 per employee1

Reported PPP Proceed Usage:

On the PPP application, KKL Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $17,124
  • Utilities: $1

Business Information - KKL Solutions LLC in New York, NY

KKL Solutions LLC
12 E 49th St Fl 11
New York, NY 10017

Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990

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: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Similar Companies near New York

In the New York area, 339 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 4) and received an average PPP loan of $159,358 (compared to this company's $17,127).

Industry PPP Comparison Statistics

Nationwide, 128,302 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.37B 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, 25% higher than KKL Solutions LLC's reported 4 employees, and received an average PPP loan of $57,481, 236% higher than this company's loan of $17,127.

SBA PPP loan data, payroll data, and salaries for KKL Solutions LLC
NY

KKL Solutions LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Support Services

Location: New York, NY

Search All PPP Data

KKL Solutions LLC is a limited liability company (LLC) located at 1 Penn Plz Ste 2820 in New York, New York that received a Coronavirus-related PPP loan from the SBA of $17,311.00 in May, 2020.

$ PPP Loan Information
Loan #4494527800

Loan Size:

$17,311

Jobs Retained:

4

Loan Approved:

2020-05-28

Loan Status:

Paid in Full or Forgiven

Lender:

Bank of America, National Association

KKL Solutions LLC in New York, NY received a Paycheck Protection Loan of $17,311 through Bank of America, National Association, which was approved in May, 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

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, KKL Solutions LLC's 2019 payroll expenses are estimated to be at least $83,093.

Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $20,773 per employee1

Reported PPP Proceed Usage:

On the PPP application, KKL Solutions LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $17,311

Business Information - KKL Solutions LLC in New York, NY

KKL Solutions LLC
1 Penn Plz Ste 2820
New York, NY 10119

Business Industry:
All Other Support Services
NAICS code 561990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Similar Companies near New York

In the New York area, 2 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $14,090 (compared to this company's $17,311).

Similar Nearby Businesses Who Received PPP Funding:

Eastalliance Partners LLC
New York, NY

$10,868 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 33,518 businesses in the "All Other Support Services" industry received a total of $1.7B 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 7 employees, 75% higher than KKL Solutions LLC's reported 4 employees, and received an average PPP loan of $50,755, 193% higher than this company's loan of $17,311.

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.


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Source: www.federalpay.org/paycheck-protection-program/kkl-solutions-llc-new-york-ny