PPP Loan Data — Stewart Financial Group, LLC, Cordele, GA
Stewart Financial Group, LLC is a limited liability company (LLC) located at 219 S 7th St in Cordele, Georgia that received a Coronavirus-related PPP loan from the SBA of $24,992.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Stewart Financial Group, LLC in Cordele, GA received a Paycheck Protection Loan of $24,992 through Colony 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 March, 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, Stewart Financial Group, LLC's 2019 payroll expenses are estimated to be at least $119,962.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,981 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stewart Financial Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,992
Business Information - Stewart Financial Group, LLC in Cordele, GA
219 S 7th St
Cordele, GA 31015
NAICS code 523930
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 32,223 businesses in the "Investment Advice" industry received a total of $1.45B 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, 100% higher than Stewart Financial Group, LLC's reported 2 employees, and received an average PPP loan of $44,994, 80% higher than this company's loan of $24,992.
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Footnotes & Information
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