PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Max J Kuney Company, Spokane, WA

ALERT: There are 2 PPP loans for a total of $5.47M in our database for businesses with the name "Max J Kuney Company" in Spokane, WA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Max J Kuney Company
WA

Max J Kuney Company

Entity: Subchapter S Corporation

Industry: Other Heavy and Civil Engineering Construction

Location: Spokane, WA

Search All PPP Data

Max J Kuney Company is a subchapter s corporation located at 120 N Ralph St in Spokane, Washington that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.

$ PPP Loan Information
Loan #4270328306

Loan Size:

$2M

Jobs Retained:

120

Loan Approved:

2021-01-23

Loan Status:

Ongoing Loan

Lender:

Washington Trust Bank

Max J Kuney Company in Spokane, WA received a Paycheck Protection Loan of $2M through Washington Trust Bank, which was approved in January, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Max J Kuney Company's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $80,000 per employee1

Reported PPP Proceed Usage:

On the PPP application, Max J Kuney Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by Max J Kuney Company 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 - Max J Kuney Company in Spokane, WA

Max J Kuney Company
120 N Ralph St
Spokane, WA 99202

Business Industry:
Other Heavy and Civil Engineering Construction
NAICS code 237990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Spokane County, WA — SBA Office 1094 — Congressional District: WA-05

Similar Companies near Spokane

In the Spokane area, 3 businesses in the "Other Heavy and Civil Engineering Construction" industry received a PPP loan. These local businesses reported an average of 47 employees (compared to this company's 120) and received an average PPP loan of $886,308 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 16,913 businesses in the "Other Heavy and Civil Engineering Construction" industry received a total of $2.86B 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 13 employees, 89% lower than Max J Kuney Company's reported 120 employees, and received an average PPP loan of $169,284, 92% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for Max J Kuney Company
WA

Max J Kuney Company

Entity: Subchapter S Corporation

Industry: Highway, Street, and Bridge Construction

Location: Spokane, WA

Search All PPP Data

Max J Kuney Company is a subchapter s corporation located at 120 North Ralph Street in Spokane, Washington that received a Coronavirus-related PPP loan from the SBA of $3,469,800.00 in April, 2020.

$ PPP Loan Information
Loan #6488287008

Loan Size:

$3.47M

Jobs Retained:

172

Loan Approved:

2020-04-07

Loan Status:

Ongoing Loan

Lender:

Washington Trust Bank

Max J Kuney Company in Spokane, WA received a Paycheck Protection Loan of $3.47M through Washington Trust Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Max J Kuney Company's 2019 payroll expenses are estimated to be at least $16.66M.

Based on their reported 172 jobs retained, this equals an estimated average yearly compensation of $96,832 per employee1

Reported PPP Proceed Usage:

On the PPP application, Max J Kuney Company reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,469,800
Because the loan received by Max J Kuney Company 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 - Max J Kuney Company in Spokane, WA

Max J Kuney Company
120 North Ralph Street
Spokane, WA 99202

Business Industry:
Highway, Street, and Bridge Construction
NAICS code 237310

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Spokane County, WA — SBA Office 1094 — Congressional District: WA-05

Similar Companies near Spokane

In the Spokane area, 2 businesses in the "Highway, Street, and Bridge Construction" industry received a PPP loan. These local businesses reported an average of 130 employees (compared to this company's 172) and received an average PPP loan of $2,634,900 (compared to this company's $3.47M).

Similar Nearby Businesses Who Received PPP Funding:

Acme Concrete Paving Inc
Spokane, WA

$1.8M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 16,449 businesses in the "Highway, Street, and Bridge Construction" industry received a total of $4.15B 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 20 employees, 88% lower than Max J Kuney Company's reported 172 employees, and received an average PPP loan of $252,012, 93% lower than this company's loan of $3.47M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/max-j-kuney-company-spokane-wa