PPP Loan Data — Laurence M Braunstein, Englewood, NJ
Laurence M Braunstein is a sole proprietorship located in Englewood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
The company has reported itself as a White owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Laurence M Braunstein in Englewood, NJ received a Paycheck Protection Loan of $25,000 through Cross River Bank, which was approved in May, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Laurence M Braunstein reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Laurence M Braunstein in Englewood, NJ
* Full address is redacted to protect the privacy of individuals.
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Englewood
In the Englewood area, 47 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 1) and received an average PPP loan of $95,368 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Future Health, LLC
Ramil INS And Fin Svcs Inc
Stephen C Smith Agency LLC
Birchwood Insurance Group LLC
Care & Share Benefit Management LLC
Englewd Clfs, NJ
Owens Group Limited Inc
Englewood Cliffs, NJ
Noah Insurance 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, 300% higher than Laurence M Braunstein's reported 1 employees, and received an average PPP loan of $39,254, 57% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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