PPP Loan Data — Insgroup, Inc., Houston, TX
Insgroup, Inc. is a subchapter s corporation located at 5151 San Felipe St in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $2,426,300.00 in April, 2020.
$ PPP Loan Information
Lender:BOKF, NATIONAL ASSOCIATION
Insgroup, Inc. received a Paycheck Protection Loan of $2.43M through BOKF, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Insgroup, Inc.'s total 2019 payroll expenses were approximately $11.65M in order to qualify for the PPP loan amount received.
Based on their reported 141 jobs retained, this equals an estimated average yearly compensation of $82,597 per employee1.
Business Information - Insgroup, Inc. in Houston, TX
5151 San Felipe St
Houston, TX 77056
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-07
Similar Companies near Houston
In the Houston area, 73 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 141) and received an average PPP loan of $77,997 (compared to this company's $2.43M).
Similar Nearby Businesses Who Received PPP Funding:
Theodore Franklin DBA Theo Franklin State Farm Insurance
National Prosperity Life And Health Insurance Company, Inc.
C & A Insurance Agency, Inc.
Benefits Brokers Exchanges Inc
Evergreen General Agency, Inc.
James D Edgeworth, Jr And Associates, 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, 97% lower than Insgroup, Inc.'s reported 141 employees, and received an average PPP loan of $49,417, 98% lower than this company's loan of $2.43M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
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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