PPP Loan Data — Kaan Inceoglu, Greeley, CO
Kaan Inceoglu is a sole proprietorship located at 3526 W. Wagon Trail Pl in Greeley, Colorado that received a Coronavirus-related PPP loan from the SBA of $45,867.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Kaan Inceoglu in Greeley, CO received a Paycheck Protection Loan of $45,867 through First FarmBank, 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 March, 2021.
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, Kaan Inceoglu's 2019 payroll expenses are estimated to be at least $220,162.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,041 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kaan Inceoglu reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,867
Business Information - Kaan Inceoglu in Greeley, CO
3526 W. Wagon Trail Pl
Greeley, CO 80634
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greeley
In the Greeley area, 46 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 4) and received an average PPP loan of $65,951 (compared to this company's $45,867).
Similar Nearby Businesses Who Received PPP Funding:
MW Company LLC
Troy L. Gonzales INS Agency, Inc
Zurbrigen Financial LLC
Dahlinger Agency LLC
Gabriela Roxana Stephen
Northern Colorado Insurance Benefits, LLC
Planning Concepts Incorporated
Robert J Schmidt
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, the same amount reported by Kaan Inceoglu and received an average PPP loan of $39,254, 14% lower than this company's loan of $45,867.
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Footnotes & Information
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