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PPP Loan Data — Sioux Chief MFG Co Inc, Kansas City, MO

SBA PPP loan data, payroll data, and salaries for Sioux Chief MFG Co Inc
MO

Sioux Chief MFG Co Inc

Entity: Corporation

Industry: Plastics Pipe and Pipe Fitting Manufacturing

Location: Kansas City, MO

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Sioux Chief MFG Co Inc is a corporation located at 14940 Thunderbird Rd in Kansas City, Missouri that received a Coronavirus-related PPP loan from the SBA of $6,138,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$6.14M

Jobs Retained:

500

Loan Approved:

2020-04-29

Lender:

PNC BANK, NATIONAL ASSOCIATION

Sioux Chief MFG Co Inc in Kansas City, MO received a Paycheck Protection Loan of $6.14M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Sioux Chief MFG Co Inc's total 2019 payroll expenses were approximately $29.47M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $58,932 per employee1.

Because the loan received by Sioux Chief MFG Co Inc 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 - Sioux Chief MFG Co Inc in Kansas City, MO

Sioux Chief MFG Co Inc
14940 Thunderbird Rd
Kansas City, MO 64147

Business Industry

Plastics Pipe and Pipe Fitting Manufacturing (NAICS code 326122)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MO-05

Industry PPP Comparison Statistics

Nationwide, 155 businesses in the "Plastics Pipe and Pipe Fitting Manufacturing" industry received a total of $71,155,182.00 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 38 employees, 92% lower than Sioux Chief MFG Co Inc's reported 500 employees, and received an average PPP loan of $459,066, 93% lower than this company's loan of $6.14M.

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, 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/sioux-chief-mfg-co-inc-kansas-city-mo