PPP Loan Data — Clayton Grice Agency, LLC, Jasper, AL
Clayton Grice Agency, LLC is a subchapter s corporation located at 409 9th Ave in Jasper, Alabama that received a Coronavirus-related PPP loan from the SBA of $25,462.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Progress Bank and Trust
Clayton Grice Agency, LLC in Jasper, AL received a Paycheck Protection Loan of $25,462 through Progress Bank and Trust, 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, Clayton Grice Agency, LLC's 2019 payroll expenses are estimated to be at least $122,218.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,739 per employee1
Reported PPP Proceed Usage:
On the PPP application, Clayton Grice Agency, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,462
Business Information - Clayton Grice Agency, LLC in Jasper, AL
409 9th Ave
Jasper, AL 35501
Direct Property and Casualty Insurance Carriers
NAICS code 524126
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Jasper
In the Jasper area, 2 businesses in the "Direct Property and Casualty Insurance Carriers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $34,576 (compared to this company's $25,462).
Similar Nearby Businesses Who Received PPP Funding:
Brooks Insurance Group Inc
Industry PPP Comparison Statistics
Nationwide, 5,686 businesses in the "Direct Property and Casualty Insurance Carriers" industry received a total of $400.58M 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 6 employees, 100% higher than Clayton Grice Agency, LLC's reported 3 employees, and received an average PPP loan of $70,450, 177% higher than this company's loan of $25,462.
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Footnotes & Information
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