PPP Loan Data — Ronald D. Beasley, Eldorado, IL
Ronald D. Beasley is a sole proprietorship located at 4600 Us Highway 45 North in Eldorado, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,415.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Ronald D. Beasley in Eldorado, IL received a Paycheck Protection Loan of $25,415 through Banterra 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 December, 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, Ronald D. Beasley's 2019 payroll expenses are estimated to be at least $121,992.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,498 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ronald D. Beasley reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,415
Business Information - Ronald D. Beasley in Eldorado, IL
4600 Us Highway 45 North
Eldorado, IL 62930
NAICS code 541940
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Eldorado
In the Eldorado area, 2 businesses in the "Veterinary Services" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $23,124 (compared to this company's $25,415).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 21,908 businesses in the "Veterinary Services" industry received a total of $2.01B 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 12 employees, 200% higher than Ronald D. Beasley's reported 4 employees, and received an average PPP loan of $91,913, 262% higher than this company's loan of $25,415.
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Footnotes & Information
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