KALIL BOTTLING CO.
PPP Loan approved Apr 13, 2020 through JPMorgan Chase Bank, National Association
Borrower Information
Business Details
Lender Information
Self-Reported Demographics
How Proceeds Were Used
| Category | Amount | % of Total Proceeds |
|---|---|---|
| Payroll | $5,874,851.00 | 82.3% |
| Utilities | $141,375.00 | 2.0% |
| Mortgage Interest | $82,982.00 | 1.2% |
| Health Care | $1,039,419.00 | 14.6% |
About This Loan
KALIL BOTTLING CO. received a PPP loan of $7,138,627 approved on Apr 13, 2020. The loan was originated by JPMorgan Chase Bank, National Association.
KALIL BOTTLING CO. is a corporation located in TUCSON, Arizona. At the time of the application, the business was described as "existing or more than 2 years old".
The business operates in the Manufacturing industry (NAICS 312111), part of the Manufacturing sector of the economy. The applicant reported 500 jobs as retained through this loan.
The SBA forgave $7,231,516.40 of this loan — 101.3% of the total approved amount, with forgiveness recorded on Aug 5, 2021. This means the borrower was not required to repay this portion, having satisfied the PPP's eligibility criteria for forgiveness, including maintaining payroll levels and using the funds for qualified expenses.
According to the SBA's records, the proceeds of this loan were allocated as follows: $5,874,851 to payroll, $141,375 to utilities, $82,982 to mortgage interest, $1,039,419 to health care costs. The payroll component represents 82.3% of disclosed proceeds, consistent with the program's requirement that at least 60% of loan funds be used for payroll costs to qualify for full forgiveness.
This loan is one of millions approved nationwide during the COVID-19 pandemic. To explore other recipients in Arizona, visit the Arizona page. To compare this loan with others in the same industry, see the Manufacturing industry page.