PPP Loan Data — Kunceda Partners, LLC, Belmont, MA
Kunceda Partners, LLC
Entity: Limited Liability Company (LLC)
Location: Belmont, MATweet This • Search All PPP Data
Kunceda Partners, LLC is a limited liability company (LLC) located in Belmont, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $24,945.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:People's United Bank, National Association
Kunceda Partners, LLC in Belmont, MA received a Paycheck Protection Loan of $24,945 through People's United Bank, National Association, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Kunceda Partners, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,945
Business Information - Kunceda Partners, LLC in Belmont, MA
* Full address is redacted to protect the privacy of individuals.
Administrative Management and General Management Consulting Services
NAICS code 541611
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Belmont
In the Belmont area, 16 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $43,973 (compared to this company's $24,945).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 5 employees, 400% higher than Kunceda Partners, LLC's reported 1 employees, and received an average PPP loan of $58,139, 133% higher than this company's loan of $24,945.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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