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PPP Loan Data — Eagle Financial Services, Inc.,
Florence, KY
Eagle Financial Services, Inc.
Entity: Subchapter S Corporation
Industry: All Other Nondepository Credit Intermediation
Location: Florence, KY
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Eagle Financial Services, Inc. is a subchapter s corporation located at 7791 Dixie Highway Ste. B in Florence, Kentucky that received a Coronavirus-related PPP loan from the SBA of $5,150,572.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
409Loan Approved:
2020-04-15Lender:
TEXAS CAPITAL BANK, NATIONAL ASSOCIATIONEagle Financial Services, Inc. in Florence, KY received a Paycheck Protection Loan of $5.15M through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Eagle Financial Services, Inc.'s total 2019 payroll expenses were approximately $24.72M in order to qualify for the PPP loan amount received.
Based on their reported 409 jobs retained, this equals an estimated average yearly compensation of $60,447 per employee1.
Business Information - Eagle Financial Services, Inc. in Florence, KY
7791 Dixie Highway Ste. B
Florence, KY 41042
Business Industry
All Other Nondepository Credit Intermediation (NAICS code 522298)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: KY-04Similar Companies near Florence
In the Florence area, 2 businesses in the "All Other Nondepository Credit Intermediation" industry received a PPP loan. These local businesses reported an average of 221 employees (compared to this company's 409) and received an average PPP loan of $2,768,481 (compared to this company's $5.15M).
Similar Nearby Businesses Who Received PPP Funding:
Sunrise Finance Company
Florence, KY
Industry PPP Comparison Statistics
Nationwide, 2,102 businesses in the "All Other Nondepository Credit Intermediation" industry received a total of $210,818,806.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 8 employees, 98% lower than Eagle Financial Services, Inc.'s reported 409 employees, and received an average PPP loan of $100,294, 98% lower than this company's loan of $5.15M.
Eagle Financial Services, Inc.
Entity: Limited Liability Company (LLC)
Industry: Tire Dealers
Location: Florence, KY
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Eagle Financial Services, Inc. is a limited liability company (LLC) located at 7791 Dixie Highway in Florence, Kentucky that received a Coronavirus-related PPP loan from the SBA of $274,324.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
30Loan Approved:
2020-04-11Lender:
TEXAS CAPITAL BANK, NATIONAL ASSOCIATIONEagle Financial Services, Inc. in Florence, KY received a Paycheck Protection Loan of $274,324 through TEXAS CAPITAL BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Eagle Financial Services, Inc.'s total 2019 payroll expenses were approximately $1.32M in order to qualify for the PPP loan amount received.
Based on their reported 30 jobs retained, this equals an estimated average yearly compensation of $43,892 per employee1.
Business Information - Eagle Financial Services, Inc. in Florence, KY
7791 Dixie Highway
Florence, KY 41017
Business Industry
Tire Dealers (NAICS code 441320)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: KY-04Similar Companies near Florence
In the Florence area, 3 businesses in the "Tire Dealers" industry received a PPP loan. These local businesses reported an average of 120 employees (compared to this company's 30) and received an average PPP loan of $1,311,189 (compared to this company's $274,324).
Similar Nearby Businesses Who Received PPP Funding:
Performance Tire Inc.
Erlanger, KY
Bob Sumerel Tire Co., Inc
Erlanger, KY
Industry PPP Comparison Statistics
Nationwide, 5,869 businesses in the "Tire Dealers" industry received a total of $664,120,532.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 11 employees, 63% lower than Eagle Financial Services, Inc.'s reported 30 employees, and received an average PPP loan of $113,157, 59% lower than this company's loan of $274,324.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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