PPP Loan Data — George Petersen Insurance Agency Inc., Eureka, CA
George Petersen Insurance Agency Inc. is a corporation located at 416 E Street in Eureka, California that received a Coronavirus-related PPP loan from the SBA of $2,785,000.00 in April, 2020.
$ PPP Loan Information
George Petersen Insurance Agency Inc. in Eureka, CA received a Paycheck Protection Loan of $2.79M through UMPQUA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, George Petersen Insurance Agency Inc.'s total 2019 payroll expenses were approximately $13.37M in order to qualify for the PPP loan amount received.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $74,267 per employee1.
Business Information - George Petersen Insurance Agency Inc. in Eureka, CA
416 E Street
Eureka, CA 95501
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CA-02
Similar Companies near Eureka
In the Eureka area, 12 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 180) and received an average PPP loan of $264,591 (compared to this company's $2.79M).
Similar Nearby Businesses Who Received PPP Funding:
Scott Hammond Insurance Services, Inc.
Shaw And Petersen INS Inc
Tim Storey Insurance
707 Jimenez Insurance Services LLC
Lisa Fryrear Insurance Agency Inc
Hansen Insurance Agency Inc
Stan Smith Insurance Services
Six Rivers Insurance Services, LLC
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, 98% lower than George Petersen Insurance Agency Inc.'s reported 180 employees, and received an average PPP loan of $49,417, 98% lower than this company's loan of $2.79M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!