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PPP Loan Data — Koch & Company, Seneca, KS

SBA PPP loan data, payroll data, and salaries for Koch & Company
KS

Koch & Company

Entity: Subchapter S Corporation

Industry: Wood Kitchen Cabinet and Countertop Manufacturing

Location: Seneca, KS

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Koch & Company is a subchapter s corporation located at 1809 North St in Seneca, Kansas that received a Coronavirus-related PPP loan from the SBA of $3,989,000.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least 444 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.99M

Jobs Retained:

444

Loan Approved:

2020-04-06

Lender:

FIRST HERITAGE BANK

Koch & Company received a Paycheck Protection Loan of $3.99M through FIRST HERITAGE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Koch & Company's total 2019 payroll expenses were approximately $19.15M in order to qualify for the PPP loan amount received.

Based on their reported 444 jobs retained, this equals an estimated average yearly compensation of $43,124 per employee1.

Because the loan received by Koch & Company 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 - Koch & Company in Seneca, KS

Koch & Company
1809 North St
Seneca, KS 66538

Business Industry

Wood Kitchen Cabinet and Countertop Manufacturing (NAICS code 337110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: KS-02

Similar Companies near Seneca

In the Seneca area, 3 businesses in the "Wood Kitchen Cabinet and Countertop Manufacturing" industry received a PPP loan. These local businesses reported an average of 179 employees (compared to this company's 444) and received an average PPP loan of $1,616,333 (compared to this company's $3.99M).

Industry PPP Comparison Statistics

Nationwide, 5,439 businesses in the "Wood Kitchen Cabinet and Countertop Manufacturing" industry received a total of $649,251,122.00 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 11 employees, 98% lower than Koch & Company's reported 444 employees, and received an average PPP loan of $119,370, 97% lower than this company's loan of $3.99M.

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/koch-and-company-seneca-ks