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PPP Loan Data — Kourt Security Partners DBA Select Security, Lancaster, PA

SBA PPP loan data, payroll data, and salaries for Kourt Security Partners DBA Select Security
PA

Kourt Security Partners DBA Select Security

Entity: Limited Liability Company (LLC)

Industry: Security Systems Services (except Locksmiths)

Location: Lancaster, PA

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Kourt Security Partners DBA Select Security is a limited liability company (LLC) located at P.o. Box 1707 in Lancaster, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,371,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 284 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.37M

Jobs Retained:

284

Loan Approved:

2020-04-06

Lender:

LINKBANK

Kourt Security Partners DBA Select Security received a Paycheck Protection Loan of $3.37M through LINKBANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kourt Security Partners DBA Select Security's total 2019 payroll expenses were approximately $16.18M in order to qualify for the PPP loan amount received.

Based on their reported 284 jobs retained, this equals an estimated average yearly compensation of $56,975 per employee1.

Because the loan received by Kourt Security Partners DBA Select Security 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 - Kourt Security Partners DBA Select Security in Lancaster, PA

Kourt Security Partners DBA Select Security
P.o. Box 1707
Lancaster, PA 17608

Business Industry

Security Systems Services (except Locksmiths) (NAICS code 561621)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: PA-11

Industry PPP Comparison Statistics

Nationwide, 5,289 businesses in the "Security Systems Services (except Locksmiths)" industry received a total of $839,803,057.00 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 14 employees, 95% lower than Kourt Security Partners DBA Select Security's reported 284 employees, and received an average PPP loan of $158,783, 95% lower than this company's loan of $3.37M.

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/kourt-security-partners-dba-select-security-lancaster-pa