PPP Loan Data — Stanley Hefner, Vienna, WV
Stanley Hefner is a sole proprietorship located at 520 Grand Central Ave Ste 203 in Vienna, West Virginia that received a Coronavirus-related PPP loan from the SBA of $25,260.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Community Bank of Parkersburg
Stanley Hefner in Vienna, WV received a Paycheck Protection Loan of $25,260 through Community Bank of Parkersburg, 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 Hefner's 2019 payroll expenses are estimated to be at least $121,248.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,624 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stanley Hefner reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,258
- Utilities: $1
Business Information - Stanley Hefner in Vienna, WV
520 Grand Central Ave Ste 203
Vienna, WV 26105
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: Urban
Similar Companies near Vienna
In the Vienna 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 2) and received an average PPP loan of $25,849 (compared to this company's $25,260).
Similar Nearby Businesses Who Received PPP Funding:
Don Miller Insurance Agency Inc
Chuck Noffisinger, Agent State Farm INS
Chad A. Graham Agency
Bibbee Insurance LLC
Mountaineer Financial Group LLC
Emily Allman Insurance Agency Inc
Gene A. Haynes Insurance Agency Incorporated
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, 100% higher than Stanley Hefner's reported 2 employees, and received an average PPP loan of $39,254, 55% higher than this company's loan of $25,260.
FederalPay's PPP Information Policy
Footnotes & Information
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