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PPP Loan Data — Frontline Insurance Managers, Inc., Lake Mary, FL

SBA PPP loan data, payroll data, and salaries for Frontline Insurance Managers, Inc.

Frontline Insurance Managers, Inc.

Entity: Subchapter S Corporation

Industry: Insurance Agencies and Brokerages

Location: Lake Mary, FL

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Frontline Insurance Managers, Inc. is a subchapter s corporation located at 500 International Pkwy in Lake Mary, Florida that received a Coronavirus-related PPP loan from the SBA of $5,750,402.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 317 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Frontline Insurance Managers, Inc. in Lake Mary, FL received a Paycheck Protection Loan of $5.75M through UNITED COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Frontline Insurance Managers, Inc.'s total 2019 payroll expenses were approximately $27.6M in order to qualify for the PPP loan amount received.

Based on their reported 317 jobs retained, this equals an estimated average yearly compensation of $87,072 per employee1.

Because the loan received by Frontline Insurance Managers, Inc. is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Frontline Insurance Managers, Inc. in Lake Mary, FL

Frontline Insurance Managers, Inc.
500 International Pkwy
Lake Mary, FL 32746

Business Industry

Insurance Agencies and Brokerages (NAICS code 524210)

Business Owner Demographics

Race / Ethnicity: Unreported


Veteran Status: Unreported

Congressional District: FL-07

Similar Companies near Lake Mary

In the Lake Mary area, 35 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 317) and received an average PPP loan of $202,688 (compared to this company's $5.75M).

Industry PPP Comparison Statistics

Nationwide, 90,958 businesses in the "Insurance Agencies and Brokerages" industry received a total of $4,494,836,388.00 in PPP loans. These businesses account for 2% 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, 99% lower than Frontline Insurance Managers, Inc.'s reported 317 employees, and received an average PPP loan of $49,417, 99% lower than this company's loan of $5.75M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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 - The Civil Employee's Resource **