PPP Loan Data — Four A's Insurance Inc, Bozeman, MT
Four A's Insurance Inc is a subchapter s corporation located at 4055 Valley Commons Dr. Unit A in Bozeman, Montana that received a Coronavirus-related PPP loan from the SBA of $46,560.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Interstate Bank
Four A's Insurance Inc in Bozeman, MT received a Paycheck Protection Loan of $46,560 through First Interstate Bank, which was approved in April, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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, Four A's Insurance Inc's 2019 payroll expenses are estimated to be at least $223,488.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,698 per employee1
Reported PPP Proceed Usage:
On the PPP application, Four A's Insurance Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,560
Business Information - Four A's Insurance Inc in Bozeman, MT
4055 Valley Commons Dr. Unit A
Bozeman, MT 59718
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: Rural
Similar Companies near Bozeman
In the Bozeman area, 22 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 5) and received an average PPP loan of $22,333 (compared to this company's $46,560).
Similar Nearby Businesses Who Received PPP Funding:
Hill Country Insurance Agency, LLC
Alpha Financial Services
Jeff Weedin State Farm Insurance
Marie Gary Agency, Inc
Bright Insurance Agency Inc
C Wayne Lower, Inc
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, 20% lower than Four A's Insurance Inc's reported 5 employees, and received an average PPP loan of $39,254, 16% lower than this company's loan of $46,560.
FederalPay's PPP Information Policy
Footnotes & Information
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