PPP Loan Data — Tompkins Industries, Olathe, KS
Location: Olathe, KSTweet This • Search All PPP Data
Tompkins Industries is a corporation located at 1912 E 123rd St in Olathe, Kansas that received a Coronavirus-related PPP loan from the SBA of $2,036,100.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 150 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Tompkins Industries in Olathe, KS received a Paycheck Protection Loan of $2.04M through Kendall Bank, which was approved in April, 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, Tompkins Industries' 2019 payroll expenses are estimated to be at least $9.77M.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $65,155 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tompkins Industries reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,036,100
Business Information - Tompkins Industries in Olathe, KS
1912 E 123rd St
Olathe, KS 66061
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Olathe
In the Olathe area, 32 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 150) and received an average PPP loan of $87,747 (compared to this company's $2.04M).
Similar Nearby Businesses Who Received PPP Funding:
Great Plains Medical, Inc
RH Sales, Inc
The Kansas City BBQ Store, LLC
Its A Dream LLC
Gregory M Hunt
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 97% lower than Tompkins Industries' reported 150 employees, and received an average PPP loan of $34,329, 98% lower than this company's loan of $2.04M.
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Footnotes & Information
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