PPP Loan Data — KLM Coppinger Inc, Chesterton, IN
KLM Coppinger Inc is a corporation located at 1271 Water Lily Circle in Chesterton, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,290.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
KLM Coppinger Inc in Chesterton, IN received a Paycheck Protection Loan of $25,290 through Regional FCU, which was approved in April, 2020.
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, KLM Coppinger Inc's 2019 payroll expenses are estimated to be at least $121,392.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,278 per employee1
Reported PPP Proceed Usage:
On the PPP application, KLM Coppinger Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,290
Business Information - KLM Coppinger Inc in Chesterton, IN
1271 Water Lily Circle
Chesterton, IN 46304
NAICS code 722513
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Chesterton
In the Chesterton area, 19 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 5) and received an average PPP loan of $44,469 (compared to this company's $25,290).
Similar Nearby Businesses Who Received PPP Funding:
Dog Days Ice Cream Parlor
Tina L. Brinkley
Cedar Lake, IN
Kevin's Yogurt II Inc
Chesterton Jimmy Johns LLC
Bugaboo's Drink LLC
Cedar Lake, IN
Tiger Lily Cafe LTD
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, 320% higher than KLM Coppinger Inc's reported 5 employees, and received an average PPP loan of $100,980, 299% higher than this company's loan of $25,290.
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Footnotes & Information
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