PPP Loan Data — KP Bagels LLC, Baltimore, MD
KP Bagels LLC is a limited liability company (LLC) located at 500 West Cold Spring Ln in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
KP Bagels LLC in Baltimore, MD received a Paycheck Protection Loan of $25,200 through Harford Bank, which was approved in May, 2020.
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.
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, KP Bagels LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,192 per employee1
Reported PPP Proceed Usage:
On the PPP application, KP Bagels LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - KP Bagels LLC in Baltimore, MD
500 West Cold Spring Ln
Baltimore, MD 21210
Snack and Nonalcoholic Beverage Bars
NAICS code 722515
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Baltimore
In the Baltimore area, 10 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 5) and received an average PPP loan of $47,793 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Bike Powered Events LLC
Taharka Brothers Ice Cream Corporation
Vent Coffee Roasters LLC
Pure Raw Juice Hampden LLC
The Charmery LLC
Industry PPP Comparison Statistics
Nationwide, 27,681 businesses in the "Snack and Nonalcoholic Beverage Bars" industry received a total of $1.44B 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 11 employees, 120% higher than KP Bagels LLC's reported 5 employees, and received an average PPP loan of $52,130, 107% higher than this company's loan of $25,200.
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Footnotes & Information
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