PPP Loan Data — KUA Candy LLC, Janesville, WI
KUA Candy LLC is a limited liability company (LLC) located at 4017 Whitney St in Janesville, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $1,626,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
KUA Candy LLC in Janesville, WI received a Paycheck Protection Loan of $1.63M through Johnson Bank, 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 December, 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, KUA Candy LLC's 2019 payroll expenses are estimated to be at least $7.8M.
Based on their reported 143 jobs retained, this equals an estimated average yearly compensation of $54,579 per employee1
Reported PPP Proceed Usage:
On the PPP application, KUA Candy LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,219,500
- Utilities: $203,250
- Mortgage Interest: $203,250
Business Information - KUA Candy LLC in Janesville, WI
4017 Whitney St
Janesville, WI 53546
Nonchocolate Confectionery Manufacturing
NAICS code 311340
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 572 businesses in the "Nonchocolate Confectionery Manufacturing" industry received a total of $136.6M 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 25 employees, 83% lower than KUA Candy LLC's reported 143 employees, and received an average PPP loan of $238,820, 85% lower than this company's loan of $1.63M.
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Footnotes & Information
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