PPP Loan Data — Van R Kunze Farms, Broken Arrow, OK
Van R Kunze Farms is a sole proprietorship located at 18708 East 141st St in Broken Arrow, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $24,830.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Van R Kunze Farms in Broken Arrow, OK received a Paycheck Protection Loan of $24,830 through AVB 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 November, 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, Van R Kunze Farms' 2019 payroll expenses are estimated to be at least $119,184.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,796 per employee1
Reported PPP Proceed Usage:
On the PPP application, Van R Kunze Farms reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,830
Business Information - Van R Kunze Farms in Broken Arrow, OK
18708 East 141st St
Broken Arrow, OK 74011
NAICS code 111110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Broken Arrow
In the Broken Arrow area, 2 businesses in the "Soybean Farming" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $14,759 (compared to this company's $24,830).
Similar Nearby Businesses Who Received PPP Funding:
Broken Arrow, OK
Industry PPP Comparison Statistics
Nationwide, 57,165 businesses in the "Soybean Farming" industry received a total of $1.13B 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 2 employees, 50% lower than Van R Kunze Farms' reported 4 employees, and received an average PPP loan of $19,731, 21% lower than this company's loan of $24,830.
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Footnotes & Information
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