PPP Loan Data — Kunzman Construction, LLC, Pittstown, NJ
Kunzman Construction, LLC
Location: Pittstown, NJTweet This • Search All PPP Data
Kunzman Construction, LLC is a corporation located at 238 Oak Summit Rd in Pittstown, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
Kunzman Construction, LLC in Pittstown, NJ received a Paycheck Protection Loan of $25,300 through Loan Source Incorporated, 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, Kunzman Construction, LLC's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kunzman Construction, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Kunzman Construction, LLC in Pittstown, NJ
238 Oak Summit Rd
Pittstown, NJ 8867
New Single-Family Housing Construction (except For-Sale Builders)
NAICS code 236115
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Pittstown
In the Pittstown area, 4 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $58,754 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Bolton Construction, LLC
Superior Woodworks, LLC
Industry PPP Comparison Statistics
Nationwide, 127,156 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.75B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than Kunzman Construction, LLC's reported 2 employees, and received an average PPP loan of $45,182, 79% higher than this company's loan of $25,300.
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Footnotes & Information
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