PPP Loan Data — The Kades Corporation, Pasadena, TX
The Kades Corporation is a corporation located at 5621 Red Bluff Rd. in Pasadena, Texas that received a Coronavirus-related PPP loan from the SBA of $8,154,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Lender:WOODFOREST NATIONAL BANK
The Kades Corporation in Pasadena, TX received a Paycheck Protection Loan of $8.15M through WOODFOREST NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, The Kades Corporation's total 2019 payroll expenses were approximately $39.14M 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 $78,278 per employee1.
Business Information - The Kades Corporation in Pasadena, TX
5621 Red Bluff Rd.
Pasadena, TX 77505
Limited-Service Restaurants (NAICS code 722513)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: TX-36
Similar Companies near Pasadena
In the Pasadena area, 20 businesses in the "Limited-Service Restaurants" industry received a PPP loan. These local businesses reported an average of 86 employees (compared to this company's 500) and received an average PPP loan of $673,869 (compared to this company's $8.15M).
Similar Nearby Businesses Who Received PPP Funding:
Campa Brothers LLC
W And K Interest LLC
Lake Jackson Creamery
Las Brasas Taqueria, LLC
Industry PPP Comparison Statistics
Nationwide, 79,996 businesses in the "Limited-Service Restaurants" industry received a total of $9,671,819,152.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 23 employees, 95% lower than The Kades Corporation's reported 500 employees, and received an average PPP loan of $120,904, 99% lower than this company's loan of $8.15M.
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Footnotes & Information
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