PPP Loan Data — Lisa Cravens State Farm, Columbia, MO
Lisa Cravens State Farm is a sole proprietorship located at 1725 Paris Rd in Columbia, Missouri that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Central Bank of Boone County
Lisa Cravens State Farm in Columbia, MO received a Paycheck Protection Loan of $46,700 through Central Bank of Boone County, 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 April, 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, Lisa Cravens State Farm's 2019 payroll expenses are estimated to be at least $224,160.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,832 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lisa Cravens State Farm reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $38,600
- Utilities: $2,400
- Rent: $5,700
Business Information - Lisa Cravens State Farm in Columbia, MO
1725 Paris Rd
Columbia, MO 65201
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Columbia
In the Columbia 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 5) and received an average PPP loan of $37,227 (compared to this company's $46,700).
Similar Nearby Businesses Who Received PPP Funding:
Edge Insurance, LLC
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, 20% lower than Lisa Cravens State Farm's reported 5 employees, and received an average PPP loan of $39,254, 16% lower than this company's loan of $46,700.
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Footnotes & Information
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