PPP Loan Data — Stuart Anthony Nalewaik, Austin, TX
Stuart Anthony Nalewaik is a limited liability company (LLC) located at 1717 W 6th St Ste 214 in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Gibsland Bank & Trust Company
Stuart Anthony Nalewaik in Austin, TX received a Paycheck Protection Loan of $25,400 through Gibsland Bank & Trust Company, 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 December, 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, Stuart Anthony Nalewaik's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Stuart Anthony Nalewaik reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,050
- Rent: $6,350
Business Information - Stuart Anthony Nalewaik in Austin, TX
1717 W 6th St Ste 214
Austin, TX 78703
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 Austin
In the Austin area, 30 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 4) and received an average PPP loan of $75,909 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Jessie Mcconchie Insurance Agency Inc
Ayers Family Ventures LLC
Sartain Ipa, LLC
The Miura Group
Stateside Insurance Services, LLC
Gary Renfro-State Farm Insurance
Applications For Life, LLC
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, the same amount reported by Stuart Anthony Nalewaik and received an average PPP loan of $39,254, 55% higher than this company's loan of $25,400.
FederalPay's PPP Information Policy
Footnotes & Information
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