PPP Loan Data — Carlos A Giraldo PC Inc, Philadelphia, PA
Carlos A Giraldo PC Inc is a corporation located at 6443 Rising Sun Ave B in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $24,900.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank, National Association
Carlos A Giraldo PC Inc in Philadelphia, PA received a Paycheck Protection Loan of $24,900 through Citizens Bank, National Association, which was approved in April, 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, Carlos A Giraldo PC Inc's 2019 payroll expenses are estimated to be at least $119,520.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Carlos A Giraldo PC Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,900
Business Information - Carlos A Giraldo PC Inc in Philadelphia, PA
6443 Rising Sun Ave B
Philadelphia, PA 19111
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Ethnicity: 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 Philadelphia
In the Philadelphia area, 17 businesses in the "Insurance Agencies and Brokerages" 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 $25,119 (compared to this company's $24,900).
Similar Nearby Businesses Who Received PPP Funding:
Marilyn Burstin, Sole Proprietor
Terra Insurance Services LLC
Morel Management Group LLC
Levick Multi Services, Inc
Mccusker Insurance Agency Inc
Carlos A Giraldo PC Inc Giraldo Insurance
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 Carlos A Giraldo PC Inc and received an average PPP loan of $39,254, 58% higher than this company's loan of $24,900.
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Footnotes & Information
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