PPP Loan Data — Delsignore Insurance Agency, Inc, Loveland, OH
Delsignore Insurance Agency, Inc is a corporation located at 615 W Loveland Ave in Loveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Fifth Third Bank
Delsignore Insurance Agency, Inc in Loveland, OH received a Paycheck Protection Loan of $25,000 through Fifth Third 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 May, 2021.
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, Delsignore Insurance Agency, Inc's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Delsignore Insurance Agency, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Delsignore Insurance Agency, Inc in Loveland, OH
615 W Loveland Ave
Loveland, OH 45140
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Loveland
In the Loveland area, 26 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $17,056 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Thomas K Mayer
Matt Meinberg State Farm Insurance Agency
Ramey Insurance Agency, LLC
Sphere Insurance Group LLC
Cincinnati Family And Business Insurance LLC
Roaring Fork Advisors, LLC
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, 33% higher than Delsignore Insurance Agency, Inc's reported 3 employees, and received an average PPP loan of $39,254, 57% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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