PPP Loan Data — Kirk Funeral Homes Demopolis Chapel, LLC, Demopolis, AL
Kirk Funeral Homes Demopolis Chapel, LLC is a limited liability company (LLC) located at 651 Hwy 80 in Demopolis, Alabama that received a Coronavirus-related PPP loan from the SBA of $25,158.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Peoples Bank of Greensboro
Kirk Funeral Homes Demopolis Chapel, LLC in Demopolis, AL received a Paycheck Protection Loan of $25,158 through Peoples Bank of Greensboro, which was approved in April, 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, Kirk Funeral Homes Demopolis Chapel, LLC's 2019 payroll expenses are estimated to be at least $120,758.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,253 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kirk Funeral Homes Demopolis Chapel, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Utilities: $2,158
- Mortgage Interest: $3,000
Business Information - Kirk Funeral Homes Demopolis Chapel, LLC in Demopolis, AL
651 Hwy 80
Demopolis, AL 36732
Funeral Homes and Funeral Services
NAICS code 812210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Demopolis
In the Demopolis area, 2 businesses in the "Funeral Homes and Funeral Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 3) and received an average PPP loan of $24,864 (compared to this company's $25,158).
Similar Nearby Businesses Who Received PPP Funding:
Larkin And Scott Mortuary LLC
Industry PPP Comparison Statistics
Nationwide, 10,120 businesses in the "Funeral Homes and Funeral Services" industry received a total of $621.85M 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 8 employees, 167% higher than Kirk Funeral Homes Demopolis Chapel, LLC's reported 3 employees, and received an average PPP loan of $61,448, 144% higher than this company's loan of $25,158.
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Footnotes & Information
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