PPP Loan Data — Cedar County Abstract & Title Company, Inc, El Dorado Springs, MO
Cedar County Abstract & Title Company, Inc is a corporation located at 105 E Spring in El Dorado Springs, Missouri that received a Coronavirus-related PPP loan from the SBA of $47,171.00 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:Community Bank of El Dorado Springs
Cedar County Abstract & Title Company, Inc in El Dorado Springs, MO received a Paycheck Protection Loan of $47,171 through Community Bank of El Dorado Springs, 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 January, 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, Cedar County Abstract & Title Company, Inc's 2019 payroll expenses are estimated to be at least $226,421.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,605 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cedar County Abstract & Title Company, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,171
Business Information - Cedar County Abstract & Title Company, Inc in El Dorado Springs, MO
105 E Spring
El Dorado Springs, MO 64744
Title Abstract and Settlement Offices
NAICS code 541191
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: Rural
Industry PPP Comparison Statistics
Nationwide, 5,533 businesses in the "Title Abstract and Settlement Offices" industry received a total of $500.83M 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 8 employees, 100% higher than Cedar County Abstract & Title Company, Inc's reported 4 employees, and received an average PPP loan of $90,517, 92% higher than this company's loan of $47,171.
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Footnotes & Information
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