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PPP Loan Data — Apex Bail Bonds LLC, Danville, VA

SBA PPP loan data, payroll data, and salaries for Apex Bail Bonds LLC
VA

Apex Bail Bonds LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Insurance Related Activities

Location: Danville, VA

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Apex Bail Bonds LLC is a limited liability company (LLC) located in Danville, Virginia that received a Coronavirus-related PPP loan from the SBA of $8,100.00 in April, 2020.

$ PPP Loan Information
Loan #4858017301

Loan Size:

$8,100

Jobs Retained:

1

Loan Approved:

2020-04-30

Loan Status:

Paid in Full or Forgiven

Lender:

First-Citizens Bank & Trust Company

Apex Bail Bonds LLC in Danville, VA received a Paycheck Protection Loan of $8,100 through First-Citizens 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 February, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Apex Bail Bonds LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $8,100

Business Information - Apex Bail Bonds LLC in Danville, VA

Apex Bail Bonds LLC
Danville, VA
* Full address is redacted to protect the privacy of individuals.

Business Industry:
All Other Insurance Related Activities
NAICS code 524298

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Danville City County, VA — SBA Office 0304 — Congressional District: VA-05

Similar Companies near Danville

In the Danville area, 2 businesses in the "All Other Insurance Related Activities" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 1) and received an average PPP loan of $9,437 (compared to this company's $8,100).

Similar Nearby Businesses Who Received PPP Funding:

Laura Neal
Danville, VA

$10,773 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 20,495 businesses in the "All Other Insurance Related Activities" industry received a total of $702.84M 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 Apex Bail Bonds LLC's reported 1 employees, and received an average PPP loan of $34,293, 323% higher than this company's loan of $8,100.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/apex-bail-bonds-llc-danville-va