PPP Loan Data — William D Otto Spence, Louisville, KY
William D Otto Spence is a sole proprietorship located in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Stock Yards Bank & Trust Company
William D Otto Spence in Louisville, KY received a Paycheck Protection Loan of $25,000 through Stock Yards Bank & Trust Company, which was approved in January, 2021.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, William D Otto Spence reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,995
- Utilities: $1
Business Information - William D Otto Spence in Louisville, KY
* Full address is redacted to protect the privacy of individuals.
Offices of Real Estate Appraisers
NAICS code 531320
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Louisville
In the Louisville area, 6 businesses in the "Offices of Real Estate Appraisers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $32,964 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Debra K Nicholson
William D Spence
English Appraisal Services, Inc
NHB Appraisal Services, LLC
Industry PPP Comparison Statistics
Nationwide, 12,073 businesses in the "Offices of Real Estate Appraisers" industry received a total of $370.48M 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 3 employees, 200% higher than William D Otto Spence's reported 1 employees, and received an average PPP loan of $30,687, 23% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!