FederalPay.org
PPP Loan Data — MB Kahn Construction Co Inc,
Columbia, SC
MB Kahn Construction Co Inc
Entity: Corporation
Industry: Commercial and Institutional Building Construction
Location: Columbia, SC
Tweet 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
Loan Size:
Jobs Retained:
416Loan Approved:
2020-04-15Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONMB 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
Business Industry
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: SC-06Similar 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
Columbia, SC
T&S Construction, LLC
Columbia, SC
CS Exteriors Inc.
Columbia, SC
Ben Stern Construction Company Inc
Columbia, SC
Coles And Associates LLC
Columbia, SC
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.
Have FederalPay.org's open data tools been valuable? Consider donating!