PPP Loan Data — Lee Aerospace, Inc., Wichita, KS
Lee Aerospace, Inc. is a corporation located at 9323 E 34th St in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $3,111,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 246 people during the applicable loan loan period.
$ PPP Loan Information
Lender:INTRUST BANK, NATIONAL ASSOCIATION
Lee Aerospace, Inc. in Wichita, KS received a Paycheck Protection Loan of $3.11M through INTRUST BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lee Aerospace, Inc.'s total 2019 payroll expenses were approximately $14.93M in order to qualify for the PPP loan amount received.
Based on their reported 246 jobs retained, this equals an estimated average yearly compensation of $60,702 per employee1.
Business Information - Lee Aerospace, Inc. in Wichita, KS
9323 E 34th St
Wichita, KS 67226
Machine Shops (NAICS code 332710)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: KS-04
Industry PPP Comparison Statistics
Nationwide, 9,651 businesses in the "Machine Shops" industry received a total of $1,842,411,346.00 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 14 employees, 94% lower than Lee Aerospace, Inc.'s reported 246 employees, and received an average PPP loan of $190,904, 94% lower than this company's loan of $3.11M.
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.
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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