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PPP Loan Data — Maxus Properties LLC, Kansas City, MO

SBA PPP loan data, payroll data, and salaries for Maxus Properties LLC
MO

Maxus Properties LLC

Entity: Limited Liability Company (LLC)

Industry: Residential Property Managers

Location: Kansas City, MO

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Maxus Properties LLC is a limited liability company (LLC) located at 104 Armour Road in Kansas City, Missouri that received a Coronavirus-related PPP loan from the SBA of $4,439,414.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.44M

Jobs Retained:

347

Loan Approved:

2020-04-09

Lender:

GREAT SOUTHERN BANK

Maxus Properties LLC received a Paycheck Protection Loan of $4.44M through GREAT SOUTHERN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Maxus Properties LLC's total 2019 payroll expenses were approximately $21.31M in order to qualify for the PPP loan amount received.

Based on their reported 347 jobs retained, this equals an estimated average yearly compensation of $61,410 per employee1.

Because the loan received by Maxus Properties LLC 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 - Maxus Properties LLC in Kansas City, MO

Maxus Properties LLC
104 Armour Road
Kansas City, MO 64116

Business Industry

Residential Property Managers (NAICS code 531311)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MO-05

Similar Companies near Kansas City

In the Kansas City area, 5 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 73 employees (compared to this company's 347) and received an average PPP loan of $922,096 (compared to this company's $4.44M).

Industry PPP Comparison Statistics

Nationwide, 20,591 businesses in the "Residential Property Managers" industry received a total of $2,358,014,158.00 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 10 employees, 97% lower than Maxus Properties LLC's reported 347 employees, and received an average PPP loan of $114,517, 97% lower than this company's loan of $4.44M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/maxus-properties-llc-kansas-city-mo