PPP Loan Data — Steve Williams & Associates, Winnsboro, LA
Steve Williams & Associates is a sole proprietorship located at 6632 Main Street in Winnsboro, Louisiana that received a Coronavirus-related PPP loan from the SBA of $24,857.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Winnsboro State Bank & Trust Co.
Steve Williams & Associates in Winnsboro, LA received a Paycheck Protection Loan of $24,857 through Winnsboro State Bank & Trust Co., which was approved in April, 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, Steve Williams & Associates' 2019 payroll expenses are estimated to be at least $119,314.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,771 per employee1
Reported PPP Proceed Usage:
On the PPP application, Steve Williams & Associates reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,857
Business Information - Steve Williams & Associates in Winnsboro, LA
6632 Main Street
Winnsboro, LA 71295
All Other Insurance Related Activities
NAICS code 524298
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Winnsboro
In the Winnsboro area, 2 businesses in the "All Other Insurance Related Activities" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $15,168 (compared to this company's $24,857).
Similar Nearby Businesses Who Received PPP Funding:
Mark Adam Walley
Industry PPP Comparison Statistics
Nationwide, 12,557 businesses in the "All Other Insurance Related Activities" industry received a total of $538.36M 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 4 employees, 33% higher than Steve Williams & Associates' reported 3 employees, and received an average PPP loan of $42,873, 72% higher than this company's loan of $24,857.
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Footnotes & Information
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