PPP Loan Data — Beasley Enterprises Inc, Ahoskie, NC
Beasley Enterprises Inc is a corporation located at 326 Nc Highway 42 in Ahoskie, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Southern Bank and Trust Company
Beasley Enterprises Inc in Ahoskie, NC received a Paycheck Protection Loan of $25,100 through Southern Bank and Trust Company, 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 December, 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, Beasley Enterprises Inc's 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,120 per employee1
Reported PPP Proceed Usage:
On the PPP application, Beasley Enterprises Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,100
Business Information - Beasley Enterprises Inc in Ahoskie, NC
326 Nc Highway 42
Ahoskie, NC 27910
Offices of Real Estate Appraisers
NAICS code 531320
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Ahoskie
In the Ahoskie area, 2 businesses in the "Offices of Real Estate Appraisers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $15,364 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Stephen Warren Joshua Edwards
Industry PPP Comparison Statistics
Nationwide, 12,073 businesses in the "Offices of Real Estate Appraisers" industry received a total of $370.48M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 3 employees, 25% lower than Beasley Enterprises Inc's reported 4 employees, and received an average PPP loan of $30,687, 22% higher than this company's loan of $25,100.
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Footnotes & Information
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