PPP Loan Data — KR Contracting, Inc, Hagerstown, MD
KR Contracting, Inc is a corporation located at 223 N Prospect St in Hagerstown, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,957,857.00 in April, 2020.
$ PPP Loan Information
KR Contracting, Inc received a Paycheck Protection Loan of $2.96M through FVCBANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, KR Contracting, Inc's total 2019 payroll expenses were approximately $14.2M in order to qualify for the PPP loan amount received.
Based on their reported 366 jobs retained, this equals an estimated average yearly compensation of $38,792 per employee1.
Business Information - KR Contracting, Inc in Hagerstown, MD
223 N Prospect St
Hagerstown, MD 21740
Security Systems Services (except Locksmiths) (NAICS code 561621)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-06
Similar Companies near Hagerstown
In the Hagerstown area, 3 businesses in the "Security Systems Services (except Locksmiths)" industry received a PPP loan. These local businesses reported an average of 144 employees (compared to this company's 366) and received an average PPP loan of $1,317,403 (compared to this company's $2.96M).
Similar Nearby Businesses Who Received PPP Funding:
Glessner Protective Service, Inc.
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, 96% lower than KR Contracting, Inc's reported 366 employees, and received an average PPP loan of $158,783, 95% lower than this company's loan of $2.96M.
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Footnotes & Information
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