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PPP Loan Data — KPS Fire Sprinklers Inc,
Ontario, CA
KPS Fire Sprinklers Inc
Entity: Corporation
Industry: Fire Protection
Location: Ontario, CA
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KPS Fire Sprinklers Inc is a corporation located at 760 S Rochester Ste B in Ontario, California that received a Coronavirus-related PPP loan from the SBA of $348,932.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least 28 people during the applicable loan loan period.
$
PPP Loan Information
Loan #7658168404
Loan Size:
Jobs Retained:
28Loan Approved:
2021-02-12Loan Status:
Ongoing LoanLender:
City National BankKPS Fire Sprinklers Inc in Ontario, CA received a Paycheck Protection Loan of $348,932 through City National Bank, which was approved in February, 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.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, KPS Fire Sprinklers Inc's 2019 payroll expenses are estimated to be at least $1.67M.
Based on their reported 28 jobs retained, this equals an estimated average yearly compensation of $59,817 per employee1
Reported PPP Proceed Usage:
On the PPP application, KPS Fire Sprinklers Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $348,930
- Utilities: $1
Business Information - KPS Fire Sprinklers Inc in Ontario, CA
760 S Rochester Ste B
Ontario, CA 91761
Business Industry:
Fire Protection
NAICS code 922160
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Ontario
In the Ontario area, 2 businesses in the "Fire Protection" industry received a PPP loan. These local businesses reported an average of 24 employees (compared to this company's 28) and received an average PPP loan of $201,417 (compared to this company's $348,932).
Similar Nearby Businesses Who Received PPP Funding:
VMB Fire Protection Inc
Ontario, CA
Industry PPP Comparison Statistics
Nationwide, 1,944 businesses in the "Fire Protection" industry received a total of $286.32M 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 14 employees, 50% lower than KPS Fire Sprinklers Inc's reported 28 employees, and received an average PPP loan of $147,282, 58% lower than this company's loan of $348,932.
KPS Fire Sprinklers, Inc
Entity: Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Ontario, CA
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KPS Fire Sprinklers, Inc is a corporation located at 760 S. Rochester Ste B in Ontario, California that received a Coronavirus-related PPP loan from the SBA of $360,082.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 28 people during the applicable loan loan period.
$
PPP Loan Information
Loan #2080497304
Loan Size:
Jobs Retained:
28Loan Approved:
2020-04-29Loan Status:
Ongoing LoanLender:
City National BankKPS Fire Sprinklers, Inc in Ontario, CA received a Paycheck Protection Loan of $360,082 through City National Bank, which was approved in April, 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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, KPS Fire Sprinklers, Inc's 2019 payroll expenses are estimated to be at least $1.73M.
Based on their reported 28 jobs retained, this equals an estimated average yearly compensation of $61,728 per employee1
Reported PPP Proceed Usage:
On the PPP application, KPS Fire Sprinklers, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $352,547
- Health Care: $7,535
Business Information - KPS Fire Sprinklers, Inc in Ontario, CA
760 S. Rochester Ste B
Ontario, CA 91761
Business Industry:
Plumbing, Heating, and Air-Conditioning Contractors
NAICS code 238220
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Ontario
In the Ontario area, 21 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 28) and received an average PPP loan of $391,950 (compared to this company's $360,082).
Similar Nearby Businesses Who Received PPP Funding:
Airite Heating And Air Conditioning, Inc
Ontario, CA
Ray Ramirez
Ontario, CA
Southland Fire Protection Co
Ontario, CA
Magnison And Moen, Inc
Ontario, CA
Ontario Refrigeration Service Inc
Ontario, CA
Airestream Mecnanical Inc
Ontario, CA
Air Control Specialities Inc
Ontario, CA
Empire Plumbing Inc
Ontario, CA
Industry PPP Comparison Statistics
Nationwide, 92,266 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $12.59B 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 11 employees, 61% lower than KPS Fire Sprinklers, Inc's reported 28 employees, and received an average PPP loan of $136,477, 62% lower than this company's loan of $360,082.
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.
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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