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PPP Loan Data — Kyowa America Corporation, Portland, TN

SBA PPP loan data, payroll data, and salaries for Kyowa America Corporation

Kyowa America Corporation

Entity: Corporation

Industry: Urethane and Other Foam Product (except Polystyrene) Manufacturing

Location: Portland, TN

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Kyowa America Corporation is a corporation located at 1039 Fred White Blvd in Portland, Tennessee that received a Coronavirus-related PPP loan from the SBA of $2,487,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Kyowa America Corporation in Portland, TN received a Paycheck Protection Loan of $2.49M through MUFG UNION BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Kyowa America Corporation's total 2019 payroll expenses were approximately $11.94M in order to qualify for the PPP loan amount received.

Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $47,952 per employee1.

Because the loan received by Kyowa America Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Kyowa America Corporation in Portland, TN

Kyowa America Corporation
1039 Fred White Blvd
Portland, TN 37148

Business Industry

Urethane and Other Foam Product (except Polystyrene) Manufacturing (NAICS code 326150)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: TN-06

Industry PPP Comparison Statistics

Nationwide, 304 businesses in the "Urethane and Other Foam Product (except Polystyrene) Manufacturing" industry received a total of $120,635,802.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 36 employees, 86% lower than Kyowa America Corporation's reported 249 employees, and received an average PPP loan of $396,828, 84% lower than this company's loan of $2.49M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.

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Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.

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