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PPP Loan Data — Kingfish Insurance Services, LLC,
Lake Mary, FL
Kingfish Insurance Services, LLC
Entity: Limited Liability Company (LLC)
Industry: Insurance Agencies and Brokerages
Location: Lake Mary, FL
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Kingfish Insurance Services, LLC is a limited liability company (LLC) located at 725 Primera Blvd Ste 115 in Lake Mary, Florida that received a Coronavirus-related PPP loan from the SBA of $22,500.00 in May, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
2Loan Approved:
2020-05-01Lender:
BANK OF AMERICA, NATIONAL ASSOCIATIONKingfish Insurance Services, LLC received a Paycheck Protection Loan of $22,500 through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in May, 2020.
Based on standard PPP eligibility rules, Kingfish Insurance Services, LLC's total 2019 payroll expenses were approximately $108,000 in order to qualify for the PPP loan amount received.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $54,000 per employee1.
Business Information - Kingfish Insurance Services, LLC in Lake Mary, FL
725 Primera Blvd Ste 115
Lake Mary, FL 32746
Business Industry
Insurance Agencies and Brokerages (NAICS code 524210)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-07Similar Companies near Lake Mary
In the Lake Mary area, 35 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 2) and received an average PPP loan of $202,688 (compared to this company's $22,500).
Similar Nearby Businesses Who Received PPP Funding:
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Marshall Insurance Group, LLC
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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, 100% higher than Kingfish Insurance Services, LLC's reported 2 employees, and received an average PPP loan of $49,417, 120% higher than this company's loan of $22,500.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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