PPP Loan Data — Kevin Dewayne Guinn, Sacramento, CA
Kevin Dewayne Guinn is a sole proprietorship located at 555 University Ave Suite 250 in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
The company has reported itself as a male veteran owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Farmers Insurance Group FCU
Kevin Dewayne Guinn in Sacramento, CA received a Paycheck Protection Loan of $25,000 through Farmers Insurance Group FCU, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Kevin Dewayne Guinn's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kevin Dewayne Guinn reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Kevin Dewayne Guinn in Sacramento, CA
555 University Ave Suite 250
Sacramento, CA 95825
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 47 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $34,437 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
The Pension People
Savenow Insurance Center Inc
California AG Insurance Services
Asghar And Sons Inc
Brianna Cheyanne White
Averwood Insurance Services Inc
Insurance On The Go Services, Inc
RTV Insurance Agency Inc
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, 100% higher than Kevin Dewayne Guinn's reported 2 employees, and received an average PPP loan of $39,254, 57% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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