PPP Loan Data — Stanley Brown, Lincoln, NE
Stanley Brown is a sole proprietorship located at 3701 Holmes Park Rd in Lincoln, Nebraska that received a Coronavirus-related PPP loan from the SBA of $25,292.00 in January, 2021.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Union Bank and Trust Company
Stanley Brown in Lincoln, NE received a Paycheck Protection Loan of $25,292 through Union Bank and Trust Company, which was approved in January, 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, Stanley Brown's 2019 payroll expenses are estimated to be at least $121,402.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,467 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stanley Brown reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,288
- Utilities: $1
Business Information - Stanley Brown in Lincoln, NE
3701 Holmes Park Rd
Lincoln, NE 68506
Beef Cattle Ranching and Farming
NAICS code 112111
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Lincoln
In the Lincoln area, 14 businesses in the "Beef Cattle Ranching and Farming" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 3) and received an average PPP loan of $15,025 (compared to this company's $25,292).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 215,770 businesses in the "Beef Cattle Ranching and Farming" industry received a total of $2.8B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 1 employees, 67% lower than Stanley Brown's reported 3 employees, and received an average PPP loan of $12,970, 49% lower than this company's loan of $25,292.
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Footnotes & Information
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