PPP Loan Data — KW Custom Homes, LLC, Pensacola, FL
KW Custom Homes, LLC is a limited liability company (LLC) located at 1304 Brainerd St in Pensacola, Florida that received a Coronavirus-related PPP loan from the SBA of $45,960.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
KW Custom Homes, LLC in Pensacola, FL received a Paycheck Protection Loan of $45,960 through BancorpSouth 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 April, 2021.
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, KW Custom Homes, LLC's 2019 payroll expenses are estimated to be at least $220,608.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,152 per employee1
Reported PPP Proceed Usage:
On the PPP application, KW Custom Homes, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,960
Business Information - KW Custom Homes, LLC in Pensacola, FL
1304 Brainerd St
Pensacola, FL 32503
New Housing For-Sale Builders
NAICS code 236117
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Pensacola
In the Pensacola area, 3 businesses in the "New Housing For-Sale Builders" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $53,016 (compared to this company's $45,960).
Similar Nearby Businesses Who Received PPP Funding:
Faith Builders Construction LLC
Bontrager Builders Group, Inc
Industry PPP Comparison Statistics
Nationwide, 13,447 businesses in the "New Housing For-Sale Builders" industry received a total of $1.03B 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 7 employees, 75% higher than KW Custom Homes, LLC's reported 4 employees, and received an average PPP loan of $76,411, 66% higher than this company's loan of $45,960.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!