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PPP Loan Data — Smith & Loveless, Inc/Smith & Loveless Georgia, Inc., Lenexa, KS

SBA PPP loan data, payroll data, and salaries for Smith & Loveless, Inc/Smith & Loveless Georgia, Inc.
KS

Smith & Loveless, Inc/Smith & Loveless Georgia, Inc.

Entity: Subchapter S Corporation

Industry: Other Commercial and Service Industry Machinery Manufacturing

Location: Lenexa, KS

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Smith & Loveless, Inc/Smith & Loveless Georgia, Inc. is a subchapter s corporation located at 14040 Santa Fe Trail Drive in Lenexa, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,816,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.82M

Jobs Retained:

201

Loan Approved:

2020-04-07

Lender:

COMMERCE BANK

Smith & Loveless, Inc/Smith & Loveless Georgia, Inc. received a Paycheck Protection Loan of $2.82M through COMMERCE BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Smith & Loveless, Inc/Smith & Loveless Georgia, Inc.'s total 2019 payroll expenses were approximately $13.52M in order to qualify for the PPP loan amount received.

Based on their reported 201 jobs retained, this equals an estimated average yearly compensation of $67,248 per employee1.

Because the loan received by Smith & Loveless, Inc/Smith & Loveless Georgia, 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 - Smith & Loveless, Inc/Smith & Loveless Georgia, Inc. in Lenexa, KS

Smith & Loveless, Inc/Smith & Loveless Georgia, Inc.
14040 Santa Fe Trail Drive
Lenexa, KS 66215

Business Industry

Other Commercial and Service Industry Machinery Manufacturing (NAICS code 333318)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: KS-03

Similar Companies near Lenexa

In the Lenexa area, 3 businesses in the "Other Commercial and Service Industry Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 72 employees (compared to this company's 201) and received an average PPP loan of $984,567 (compared to this company's $2.82M).

Industry PPP Comparison Statistics

Nationwide, 1,622 businesses in the "Other Commercial and Service Industry Machinery Manufacturing" industry received a total of $379,610,557.00 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 16 employees, 92% lower than Smith & Loveless, Inc/Smith & Loveless Georgia, Inc.'s reported 201 employees, and received an average PPP loan of $234,039, 92% lower than this company's loan of $2.82M.

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.

Search FederalPay's Full PPP Loan Database

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/smith-and-loveless-inc-smith-and-loveless-georgia-inc-lenexa-ks