PPP Loan Data — Leeper & Associates, LLC, Winfield, KS
Leeper & Associates, LLC is a subchapter s corporation located at 807 Main St in Winfield, Kansas that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Union State Bank
Leeper & Associates, LLC in Winfield, KS received a Paycheck Protection Loan of $25,200 through Union State 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 February, 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, Leeper & Associates, LLC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,320 per employee1
Reported PPP Proceed Usage:
On the PPP application, Leeper & Associates, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Leeper & Associates, LLC in Winfield, KS
807 Main St
Winfield, KS 67156
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Winfield
In the Winfield area, 11 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $16,207 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Joseph A Heptig
Marcus Adler Insurance Agency, Inc
Branson Sears LLC
Alia Tate Agency, LLC
Tuttle 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, 33% higher than Leeper & Associates, LLC's reported 3 employees, and received an average PPP loan of $39,254, 56% higher than this company's loan of $25,200.
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Footnotes & Information
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