PPP Loan Data — NKS Distributors Inc, New Castle, DE
NKS Distributors Inc is a corporation located at 399 Churchmans Rd in New Castle, Delaware that received a Coronavirus-related PPP loan from the SBA of $2,188,887.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
NKS Distributors Inc in New Castle, DE received a Paycheck Protection Loan of $2.19M through Bank of America, National Association, which was approved in May, 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, NKS Distributors Inc's 2019 payroll expenses are estimated to be at least $10.51M.
Based on their reported 135 jobs retained, this equals an estimated average yearly compensation of $77,827 per employee1
Reported PPP Proceed Usage:
On the PPP application, NKS Distributors Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,188,887
Business Information - NKS Distributors Inc in New Castle, DE
399 Churchmans Rd
New Castle, DE 19720
Beer and Ale Merchant Wholesalers
NAICS code 424810
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near New Castle
In the New Castle area, 2 businesses in the "Beer and Ale Merchant Wholesalers" industry received a PPP loan. These local businesses reported an average of 127 employees (compared to this company's 135) and received an average PPP loan of $2,245,644 (compared to this company's $2.19M).
Similar Nearby Businesses Who Received PPP Funding:
Standard Distributing Co Inc
New Castle, DE
Industry PPP Comparison Statistics
Nationwide, 1,380 businesses in the "Beer and Ale Merchant Wholesalers" industry received a total of $608.99M 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 40 employees, 70% lower than NKS Distributors Inc's reported 135 employees, and received an average PPP loan of $441,295, 80% lower than this company's loan of $2.19M.
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Footnotes & Information
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