PPP Loan Data — KSR Bakery LLC, Rockville, MD
KSR Bakery LLC is a limited liability company (LLC) located at 1313 E Gude Dr in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as an Asian male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
KSR Bakery LLC in Rockville, MD received a Paycheck Protection Loan of $25,000 through PNC Bank, National Association, which was approved in April, 2020.
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, KSR Bakery LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, KSR Bakery LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - KSR Bakery LLC in Rockville, MD
1313 E Gude Dr
Rockville, MD 20850
Cookie and Cracker Manufacturing
NAICS code 311821
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 985 businesses in the "Cookie and Cracker Manufacturing" industry received a total of $98.3M 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 13 employees, 160% higher than KSR Bakery LLC's reported 5 employees, and received an average PPP loan of $99,801, 299% higher than this company's loan of $25,000.
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Footnotes & Information
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