PPP Loan Data — LTA II Manufacturing, LLC, Kansas City, MO
LTA II Manufacturing, LLC is a limited liability company (LLC) located at 4520 Main St in Kansas City, Missouri that received a Coronavirus-related PPP loan from the SBA of $1,611,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Academy Bank, National Association
LTA II Manufacturing, LLC in Kansas City, MO received a Paycheck Protection Loan of $1.61M through Academy Bank, National Association, 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 December, 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, LTA II Manufacturing, LLC's 2019 payroll expenses are estimated to be at least $7.73M.
Based on their reported 141 jobs retained, this equals an estimated average yearly compensation of $54,843 per employee1
Reported PPP Proceed Usage:
On the PPP application, LTA II Manufacturing, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,611,000
Business Information - LTA II Manufacturing, LLC in Kansas City, MO
4520 Main St
Kansas City, MO 64111
Travel Trailer and Camper Manufacturing
NAICS code 336214
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 465 businesses in the "Travel Trailer and Camper Manufacturing" industry received a total of $101.83M 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 24 employees, 83% lower than LTA II Manufacturing, LLC's reported 141 employees, and received an average PPP loan of $218,980, 86% lower than this company's loan of $1.61M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!