PPP Loan Data — Kranos Holding, Inc.,
Litchfield, IL
Kranos Holding, Inc.
Entity: Corporation
Industry: Sporting Goods Stores
Location: Litchfield, IL

Kranos Holding, Inc. is a corporation located at 610 S Industrial Drive in Litchfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $3,060,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
249Loan Approved:
2020-04-15Lender:
MERIDIAN BANKKranos Holding, Inc. received a Paycheck Protection Loan of $3.06M through MERIDIAN BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kranos Holding, Inc.'s total 2019 payroll expenses were approximately $14.69M in order to qualify for the PPP loan amount received.
Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $59,003 per employee1.
Business Information - Kranos Holding, Inc. in Litchfield, IL
610 S Industrial Drive
Litchfield, IL 62056
Business Industry
Sporting Goods Stores (NAICS code 451110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: IL-13Industry PPP Comparison Statistics
Nationwide, 9,406 businesses in the "Sporting Goods Stores" industry received a total of $560,169,080.00 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 8 employees, 97% lower than Kranos Holding, Inc.'s reported 249 employees, and received an average PPP loan of $59,554, 98% lower than this company's loan of $3.06M.
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.
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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