PPP Loan Data — Scott D Hevenercpa Plc, Chester, VA
Scott D Hevenercpa Plc is a subchapter s corporation located at 4600 Ecoff Avenue Suite 102 in Chester, Virginia that received a Coronavirus-related PPP loan from the SBA of $45,921.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Atlantic Union Bank
Scott D Hevenercpa Plc in Chester, VA received a Paycheck Protection Loan of $45,921 through Atlantic Union 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 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, Scott D Hevenercpa Plc's 2019 payroll expenses are estimated to be at least $220,421.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,105 per employee1
Reported PPP Proceed Usage:
On the PPP application, Scott D Hevenercpa Plc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,921
Business Information - Scott D Hevenercpa Plc in Chester, VA
4600 Ecoff Avenue Suite 102
Chester, VA 23831
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Chester
In the Chester area, 3 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $32,024 (compared to this company's $45,921).
Similar Nearby Businesses Who Received PPP Funding:
James E. Ayers & Associates Inc
CPA Tax Office LLC
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 50% higher than Scott D Hevenercpa Plc's reported 4 employees, and received an average PPP loan of $73,772, 61% higher than this company's loan of $45,921.
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Footnotes & Information
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