PPP Loan Data — Landmark Insurance & Financial Services, Inc, Jupiter, FL
Landmark Insurance & Financial Services, Inc is a subchapter s corporation located at 175 Toney Penna Dr Suite 205 in Jupiter, Florida that received a Coronavirus-related PPP loan from the SBA of $46,962.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Valley National Bank
Landmark Insurance & Financial Services, Inc in Jupiter, FL received a Paycheck Protection Loan of $46,962 through Valley National Bank, 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, Landmark Insurance & Financial Services, Inc's 2019 payroll expenses are estimated to be at least $225,418.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,355 per employee1
Reported PPP Proceed Usage:
On the PPP application, Landmark Insurance & Financial Services, Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,962
Business Information - Landmark Insurance & Financial Services, Inc in Jupiter, FL
175 Toney Penna Dr Suite 205
Jupiter, FL 33458
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 Jupiter
In the Jupiter area, 50 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 4) and received an average PPP loan of $23,009 (compared to this company's $46,962).
Similar Nearby Businesses Who Received PPP Funding:
Insurance & Benefit Partners, LLC
Venture Insurance Partners, Inc
Phil Doumar Insurance, Inc
Allegiance Insurance Agency, Inc
Jupiter Insurance Agency Of Florida
Annuity Association Agency LLC
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, the same amount reported by Landmark Insurance & Financial Services, Inc and received an average PPP loan of $39,254, 16% lower than this company's loan of $46,962.
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Footnotes & Information
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