PPP Loan Data — ED Leahy, American Family Mutual Insurance, Aurora, MO
ED Leahy, American Family Mutual Insurance is a sole proprietorship located at 821 S Elliott Ave in Aurora, Missouri that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First Independent Bank
ED Leahy, American Family Mutual Insurance in Aurora, MO received a Paycheck Protection Loan of $25,400 through First Independent Bank, 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 November, 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, ED Leahy, American Family Mutual Insurance's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,640 per employee1
Reported PPP Proceed Usage:
On the PPP application, ED Leahy, American Family Mutual Insurance reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - ED Leahy, American Family Mutual Insurance in Aurora, MO
821 S Elliott Ave
Aurora, MO 65605
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Aurora
In the Aurora area, 8 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $15,689 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Parker Insurance Agency Inc
Hollis Insurance Agency LLC
Richard A. Haigwood
Industry PPP Comparison Statistics
Nationwide, 149,532 businesses in the "Insurance Agencies and Brokerages" industry received a total of $5.87B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 4 employees, 33% higher than ED Leahy, American Family Mutual Insurance's reported 3 employees, and received an average PPP loan of $39,254, 55% higher than this company's loan of $25,400.
FederalPay's PPP Information Policy
Footnotes & Information
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