PPP Loan Data — MB Kahn Construction Co Inc, Columbia, SC
MB Kahn Construction Co Inc
Location: Columbia, SCTweet This • Search All PPP Data
MB Kahn Construction Co Inc is a corporation located at 101 Flintlake Rd in Columbia, South Carolina that received a Coronavirus-related PPP loan from the SBA of $7,396,547.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
MB Kahn Construction Co Inc received a Paycheck Protection Loan of $7.4M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, MB Kahn Construction Co Inc's total 2019 payroll expenses were approximately $35.5M in order to qualify for the PPP loan amount received.
Based on their reported 416 jobs retained, this equals an estimated average yearly compensation of $85,345 per employee1.
Business Information - MB Kahn Construction Co Inc in Columbia, SC
101 Flintlake Rd
Columbia, SC 29223
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: SC-06
Similar Companies near Columbia
In the Columbia area, 6 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 79 employees (compared to this company's 416) and received an average PPP loan of $1,304,033 (compared to this company's $7.4M).
Similar Nearby Businesses Who Received PPP Funding:
SLP Enterprises SC
T&S Construction, LLC
CS Exteriors Inc.
Ben Stern Construction Company Inc
Coles And Associates LLC
Industry PPP Comparison Statistics
Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 13 employees, 97% lower than MB Kahn Construction Co Inc's reported 416 employees, and received an average PPP loan of $203,235, 97% lower than this company's loan of $7.4M.
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.
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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