PPP Loan Data — Integrity Wealth Management Incorporate, Sarasota, FL
Integrity Wealth Management Incorporate is a corporation located at 6327 Anise Drive in Sarasota, Florida that received a Coronavirus-related PPP loan from the SBA of $25,271.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Integrity Wealth Management Incorporate in Sarasota, FL received a Paycheck Protection Loan of $25,271 through Wells Fargo Bank, National Association, which was approved in April, 2020.
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, Integrity Wealth Management Incorporate's 2019 payroll expenses are estimated to be at least $121,301.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,434 per employee1
Reported PPP Proceed Usage:
On the PPP application, Integrity Wealth Management Incorporate reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,271
Business Information - Integrity Wealth Management Incorporate in Sarasota, FL
6327 Anise Drive
Sarasota, FL 34238
NAICS code 523930
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sarasota
In the Sarasota area, 31 businesses in the "Investment Advice" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $47,244 (compared to this company's $25,271).
Similar Nearby Businesses Who Received PPP Funding:
Rosenberg Asset Management LLC
JTC Financial, Inc
NAV Advisors, Inc
Marjorie W Decanio
KCB Advisors Corp
Nick Sachs & Co., LTD
Industry PPP Comparison Statistics
Nationwide, 32,223 businesses in the "Investment Advice" industry received a total of $1.45B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 33% higher than Integrity Wealth Management Incorporate's reported 3 employees, and received an average PPP loan of $44,994, 78% higher than this company's loan of $25,271.
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Footnotes & Information
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