PPP Loan Data — K Brewer Consultants LLC, Layton, UT
K Brewer Consultants LLC is a limited liability company (LLC) located at 1010 N Hill Field Rd Ste B2 in Layton, Utah that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cache Valley Bank
K Brewer Consultants LLC in Layton, UT received a Paycheck Protection Loan of $25,000 through Cache Valley 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.Read More
Understanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.Read More
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, K Brewer Consultants LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, K Brewer Consultants LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - K Brewer Consultants LLC in Layton, UT
1010 N Hill Field Rd Ste B2
Layton, UT 84041
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Layton
In the Layton area, 39 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $28,066 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Gary Lee Fischer And Associates LLC
Magellan Holdings, Inc
K. Burrell Insurance Group LLC
Mountain Ridge Insurance Group LLC
C&A Business Services, LLC
King Capital Inc
Livingston & Associates, LLC
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, 20% lower than K Brewer Consultants LLC's reported 5 employees, and received an average PPP loan of $39,254, 57% higher than this company's loan of $25,000.
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Footnotes & Information
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