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PPP Loan Data — Eagle Financial Services, Inc., Florence, KY

ALERT: There are a total of 2 PPP loans in our database for businesses with the name "Eagle Financial Services, Inc." in Florence, KY. Reasoning for multiple loans may include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. See the list of loans under this name and additional details below.

SBA PPP loan data, payroll data, and salaries for Eagle Financial Services, Inc.
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:

$5.15M

Jobs Retained:

409

Loan Approved:

2020-04-15

Lender:

TEXAS CAPITAL BANK, NATIONAL ASSOCIATION

Eagle 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.

Because the loan received by Eagle Financial Services, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Eagle Financial Services, Inc. in Florence, KY

Eagle Financial Services, Inc.
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-04

Similar 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

$386,389 PPP Loan

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.

SBA PPP loan data, payroll data, and salaries for Eagle Financial Services, Inc.
KY

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:

$274,324

Jobs Retained:

30

Loan Approved:

2020-04-11

Lender:

TEXAS CAPITAL BANK, NATIONAL ASSOCIATION

Eagle 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

Eagle Financial Services, Inc.
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-04

Similar 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).

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/eagle-financial-services-inc-florence-ky