PPP Loan Data — William Kenny, Inc, Harrisburg, PA
William Kenny, Inc is a corporation located at 93 Hillymede Road in Harrisburg, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $46,471.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fulton Bank, National Association
William Kenny, Inc in Harrisburg, PA received a Paycheck Protection Loan of $46,471 through Fulton Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, William Kenny, Inc's 2019 payroll expenses are estimated to be at least $223,061.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,765 per employee1
Reported PPP Proceed Usage:
On the PPP application, William Kenny, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,588
- Utilities: $13,941
- Mortgage Interest: $13,941
Business Information - William Kenny, Inc in Harrisburg, PA
93 Hillymede Road
Harrisburg, PA 17111
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Harrisburg
In the Harrisburg area, 72 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 4) and received an average PPP loan of $136,587 (compared to this company's $46,471).
Similar Nearby Businesses Who Received PPP Funding:
Welby Stoltenberg Cimballa & Cook LLC
Frommer D' Amico Anderson LLC
Capozzi Adler, PC
Law Office Of Nathaniel M Holmes LLC
Law Offices Of Matthew L. Owens, Esquire LLC
William M Shreve DBA Shreve Law Group
Freeburn & Hamilton, PC
Handler Henning & Rosenberg LLC
Industry PPP Comparison Statistics
Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B 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 6 employees, 50% higher than William Kenny, Inc's reported 4 employees, and received an average PPP loan of $81,518, 75% higher than this company's loan of $46,471.
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Footnotes & Information
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