PPP Loan Data — STL Insurance Group, LLC, Billings, MO
STL Insurance Group, LLC is a limited liability company (LLC) located at 3152 Rose Hill Road in Billings, Missouri that received a Coronavirus-related PPP loan from the SBA of $24,840.00 in July, 2020.
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
STL Insurance Group, LLC in Billings, MO received a Paycheck Protection Loan of $24,840 through Quontic Bank, which was approved in July, 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, STL Insurance Group, LLC's 2019 payroll expenses are estimated to be at least $119,232.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,744 per employee1
Reported PPP Proceed Usage:
On the PPP application, STL Insurance Group, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,840
Business Information - STL Insurance Group, LLC in Billings, MO
3152 Rose Hill Road
Billings, MO 65610
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Billings
In the Billings area, 3 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 3) and received an average PPP loan of $13,401 (compared to this company's $24,840).
Similar Nearby Businesses Who Received PPP Funding:
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, 33% higher than STL Insurance Group, LLC's reported 3 employees, and received an average PPP loan of $39,254, 58% higher than this company's loan of $24,840.
FederalPay's PPP Information Policy
Footnotes & Information
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