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

PPP Loan Data — Kmac Medical LLC, Souderton, PA

ALERT: There are 2 PPP loans for a total of $43,548 in our database for businesses with the name "Kmac Medical LLC" in Souderton, PA. 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 Kmac Medical LLC
PA

Kmac Medical LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of All Other Miscellaneous Health Practitioners

Location: Souderton, PA

Search All PPP Data

Kmac Medical LLC is a limited liability company (LLC) located in Souderton, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,947.00 in January, 2021.

The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #3885848300

Loan Size:

$24,947

Jobs Retained:

1

Loan Approved:

2021-01-22

Loan Status:

Ongoing Loan

Lender:

American Heritage FCU
Likely Employment Reduction3

Kmac Medical LLC in Souderton, PA received a Paycheck Protection Loan of $24,947 through American Heritage FCU, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

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

  • Payroll: $24,944
  • Utilities: $1

Business Information - Kmac Medical LLC in Souderton, PA

Kmac Medical LLC
Souderton, PA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Bucks County, PA — SBA Office 0303 — Congressional District: PA-01

Industry PPP Comparison Statistics

Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B 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 5 employees, 400% higher than Kmac Medical LLC's reported 1 employees, and received an average PPP loan of $38,577, 55% higher than this company's loan of $24,947.

SBA PPP loan data, payroll data, and salaries for Kmac Medical LLC
PA

Kmac Medical LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of All Other Miscellaneous Health Practitioners

Location: Souderton, PA

Search All PPP Data

Kmac Medical LLC is a limited liability company (LLC) located in Souderton, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $18,601.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #6611117206

Loan Size:

$18,601

Jobs Retained:

1

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

American Heritage FCU

Kmac Medical LLC in Souderton, PA received a Paycheck Protection Loan of $18,601 through American Heritage FCU, 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 June, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

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

  • Payroll: $18,601

Business Information - Kmac Medical LLC in Souderton, PA

Kmac Medical LLC
Souderton, PA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of All Other Miscellaneous Health Practitioners
NAICS code 621399

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Male Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Montgomery County, PA — SBA Office 0303 — Congressional District: PA-01

Industry PPP Comparison Statistics

Nationwide, 64,105 businesses in the "Offices of All Other Miscellaneous Health Practitioners" industry received a total of $2.47B 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 5 employees, 400% higher than Kmac Medical LLC's reported 1 employees, and received an average PPP loan of $38,577, 107% higher than this company's loan of $18,601.

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/kmac-medical-llc-souderton-pa