PPP Loan Data — Kentucky Appraisal Team Services, Inc, Nicholasville, KY
Kentucky Appraisal Team Services, Inc is a corporation located at 212 N Main St in Nicholasville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,049.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Farmers Bank
Kentucky Appraisal Team Services, Inc in Nicholasville, KY received a Paycheck Protection Loan of $25,049 through The Farmers Bank, which was approved in May, 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, Kentucky Appraisal Team Services, Inc's 2019 payroll expenses are estimated to be at least $120,235.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,176 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kentucky Appraisal Team Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,049
Business Information - Kentucky Appraisal Team Services, Inc in Nicholasville, KY
212 N Main St
Nicholasville, KY 40356
Offices of Real Estate Appraisers
NAICS code 531320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Nicholasville
In the Nicholasville area, 4 businesses in the "Offices of Real Estate Appraisers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 7) and received an average PPP loan of $22,037 (compared to this company's $25,049).
Similar Nearby Businesses Who Received PPP Funding:
Jason Combs Appraisals Inc
Bluegrass Appraisal Management, Inc
The Hoffner Group, Inc
Industry PPP Comparison Statistics
Nationwide, 12,073 businesses in the "Offices of Real Estate Appraisers" industry received a total of $370.48M 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 3 employees, 57% lower than Kentucky Appraisal Team Services, Inc's reported 7 employees, and received an average PPP loan of $30,687, 23% higher than this company's loan of $25,049.
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Footnotes & Information
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