PPP Loan Data — Kraft Tool Company, Lenexa, KS
Kraft Tool Company
Location: Lenexa, KSTweet This • Search All PPP Data
Kraft Tool Company is a corporation located at 8325 Hedge Lane Ter in Lenexa, Kansas that received a Coronavirus-related PPP loan from the SBA of $1,758,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:INTRUST Bank, National Association
Kraft Tool Company in Lenexa, KS received a Paycheck Protection Loan of $1.76M through INTRUST Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Kraft Tool Company's 2019 payroll expenses are estimated to be at least $8.44M.
Based on their reported 222 jobs retained, this equals an estimated average yearly compensation of $38,011 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kraft Tool Company reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,758,000
Business Information - Kraft Tool Company in Lenexa, KS
8325 Hedge Lane Ter
Lenexa, KS 66227
Brick, Stone, and Related Construction Material Merchant Wholesalers
NAICS code 423320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lenexa
In the Lenexa area, 2 businesses in the "Brick, Stone, and Related Construction Material Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 112 employees (compared to this company's 222) and received an average PPP loan of $886,228 (compared to this company's $1.76M).
Similar Nearby Businesses Who Received PPP Funding:
Handy Construction Company, LLC
Industry PPP Comparison Statistics
Nationwide, 6,433 businesses in the "Brick, Stone, and Related Construction Material Merchant Wholesalers" industry received a total of $495.43M 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 7 employees, 97% lower than Kraft Tool Company's reported 222 employees, and received an average PPP loan of $77,014, 96% lower than this company's loan of $1.76M.
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Footnotes & Information
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