PPP Loan Data — Jacobsen Insurance Agency Inc, Manassas, VA
Jacobsen Insurance Agency Inc is a subchapter s corporation located at 10761 B Ambassador Dr Ste 201 in Manassas, Virginia that received a Coronavirus-related PPP loan from the SBA of $46,294.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Jacobsen Insurance Agency Inc in Manassas, VA received a Paycheck Protection Loan of $46,294 through Truist Bank d/b/a Branch Banking & Trust Co, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in May, 2021.
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, Jacobsen Insurance Agency Inc's 2019 payroll expenses are estimated to be at least $222,211.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,070 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jacobsen Insurance Agency Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,294
Business Information - Jacobsen Insurance Agency Inc in Manassas, VA
10761 B Ambassador Dr Ste 201
Manassas, VA 20109
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: Urban
Similar Companies near Manassas
In the Manassas area, 14 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 3) and received an average PPP loan of $63,018 (compared to this company's $46,294).
Similar Nearby Businesses Who Received PPP Funding:
Duray Insurance And Financial Services
Carlos Enrique Insurance Agency
Millenium Insurance Agency Inc
Construction Insurance Agency Inc
Aguilar Enterprises Inc
Welch Graham & Ogden Insurance Inc
The Harvey Insurance Agency. 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, 33% higher than Jacobsen Insurance Agency Inc's reported 3 employees, and received an average PPP loan of $39,254, 15% lower than this company's loan of $46,294.
FederalPay's PPP Information Policy
Footnotes & Information
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