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PPP Loan Data — The K Co Inc,
Akron, OH
The K Co Inc
Entity: Subchapter S Corporation
Industry: Plumbing, Heating, and Air-Conditioning Contractors
Location: Akron, OH
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The K Co Inc is a subchapter s corporation located at 2234 S Arlington Rd in Akron, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,977,300.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
258Loan Approved:
2020-04-14Lender:
PNC BANK, NATIONAL ASSOCIATIONThe K Co Inc in Akron, OH received a Paycheck Protection Loan of $3.98M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, The K Co Inc's total 2019 payroll expenses were approximately $19.09M in order to qualify for the PPP loan amount received.
Based on their reported 258 jobs retained, this equals an estimated average yearly compensation of $73,996 per employee1.
Business Information - The K Co Inc in Akron, OH
2234 S Arlington Rd
Akron, OH 44319
Business Industry
Plumbing, Heating, and Air-Conditioning Contractors (NAICS code 238220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OH-13Similar Companies near Akron
In the Akron area, 7 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 258) and received an average PPP loan of $724,165 (compared to this company's $3.98M).
Similar Nearby Businesses Who Received PPP Funding:
Melvin Clark Plumbing & Heating Co.
Akron, OH
Echols Heating & Air Conditioning Inc
Akron, OH
ENG Heating & Cooling Inc
New Franklin, OH
Independence Plumbing And Bath LLC
Akron, OH
Great Lakes Heating & Air Conditioning, Inc.
Akron, OH
ACE Brothers Plumbing & Heating Company Inc.
Akron, OH
Industry PPP Comparison Statistics
Nationwide, 60,482 businesses in the "Plumbing, Heating, and Air-Conditioning Contractors" industry received a total of $9,373,583,135.00 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 11 employees, 96% lower than The K Co Inc's reported 258 employees, and received an average PPP loan of $154,981, 96% lower than this company's loan of $3.98M.
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.
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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