PPP Loan Data — JMG Insurance Corp., Norwalk, CT
JMG Insurance Corp. is a corporation located at 29 Haviland St in Norwalk, Connecticut that received a Coronavirus-related PPP loan from the SBA of $2,878,930.00 in April, 2020.
$ PPP Loan Information
Lender:CONNECTICUT COMMUNITY BANK, NATIONAL ASSOCIATION
JMG Insurance Corp. received a Paycheck Protection Loan of $2.88M through CONNECTICUT COMMUNITY BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, JMG Insurance Corp.'s total 2019 payroll expenses were approximately $13.82M in order to qualify for the PPP loan amount received.
Based on their reported 233 jobs retained, this equals an estimated average yearly compensation of $59,308 per employee1.
Business Information - JMG Insurance Corp. in Norwalk, CT
29 Haviland St
Norwalk, CT 6854
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: CT-04
Similar Companies near Norwalk
In the Norwalk area, 9 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 30 employees (compared to this company's 233) and received an average PPP loan of $373,865 (compared to this company's $2.88M).
Similar Nearby Businesses Who Received PPP Funding:
Jonathan Riddle LLC
Turcios Insurance Agency Inc
New World Ventures 2010,LLC
B R Egan Insurance, LLC
David Gonzalez Agency, Inc
Durango Insurance & Financial Service Inc.
Chris Andricopoulos - SP
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 JMG Insurance Corp.'s reported 233 employees, and received an average PPP loan of $49,417, 98% lower than this company's loan of $2.88M.
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