PPP Loan Data — Eyster Properties LLC, Wichita, KS
Eyster Properties LLC is a limited liability company (LLC) located at 120 E 1st St N Ste 100 in Wichita, Kansas that received a Coronavirus-related PPP loan from the SBA of $46,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:INTRUST Bank, National Association
Eyster Properties LLC in Wichita, KS received a Paycheck Protection Loan of $46,400 through INTRUST Bank, National Association, 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, Eyster Properties LLC's 2019 payroll expenses are estimated to be at least $222,720.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Eyster Properties LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,400
Business Information - Eyster Properties LLC in Wichita, KS
120 E 1st St N Ste 100
Wichita, KS 67202
Nonresidential Property Managers
NAICS code 531312
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Wichita
In the Wichita area, 8 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $63,186 (compared to this company's $46,400).
Similar Nearby Businesses Who Received PPP Funding:
Dunne Property Company, LLC
Titleist Ventures LLC
Landmark Commercial Property Management LLC
TGC Hospitality Management, LLC
R. Allan Dunne
Industry PPP Comparison Statistics
Nationwide, 11,970 businesses in the "Nonresidential Property Managers" industry received a total of $1.22B 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 9 employees, 200% higher than Eyster Properties LLC's reported 3 employees, and received an average PPP loan of $101,557, 119% higher than this company's loan of $46,400.
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Footnotes & Information
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