PPP Loan Data — Jimcor Agency Inc., Montvale, NJ
Jimcor Agency Inc. is a corporation located at 60 Craig Rd in Montvale, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,554,676.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Jimcor Agency Inc. in Montvale, NJ received a Paycheck Protection Loan of $2.55M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Jimcor Agency Inc.'s total 2019 payroll expenses were approximately $12.26M in order to qualify for the PPP loan amount received.
Based on their reported 153 jobs retained, this equals an estimated average yearly compensation of $80,147 per employee1.
Business Information - Jimcor Agency Inc. in Montvale, NJ
60 Craig Rd
Montvale, NJ 07645
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NJ-05
Similar Companies near Montvale
In the Montvale area, 10 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 153) and received an average PPP loan of $288,124 (compared to this company's $2.55M).
Similar Nearby Businesses Who Received PPP Funding:
Titan Agency LLC
New Milford, NJ
EMR Management, LLC
Costello & Associates Insurance Group, Inc.
Calogero Tony Cigna LLC
Angie Gwinnett LLC
Shivas Holdings LLC
Archive Title Agency, Inc.
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 Jimcor Agency Inc.'s reported 153 employees, and received an average PPP loan of $49,417, 98% lower than this company's loan of $2.55M.
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Footnotes & Information
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