PPP Loan Data — Lozano Insurance Adjusters, Miami, FL
Lozano Insurance Adjusters is a corporation located at 12550 Biscayne Blvd in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $1,671,682.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Valley National Bank
Lozano Insurance Adjusters in Miami, FL received a Paycheck Protection Loan of $1.67M 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 April, 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, Lozano Insurance Adjusters' 2019 payroll expenses are estimated to be at least $8.02M.
Based on their reported 98 jobs retained, this equals an estimated average yearly compensation of $81,878 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lozano Insurance Adjusters reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,671,682
Business Information - Lozano Insurance Adjusters in Miami, FL
12550 Biscayne Blvd
Miami, FL 33181
NAICS code 524291
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Miami
In the Miami area, 6 businesses in the "Claims Adjusting" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 98) and received an average PPP loan of $286,079 (compared to this company's $1.67M).
Similar Nearby Businesses Who Received PPP Funding:
Real Claims Of America Corp
All Dade Public Adjusters LLC
North Miami, FL
Atlantic Coast Consultants LLC
North Miami, FL
Industry PPP Comparison Statistics
Nationwide, 5,518 businesses in the "Claims Adjusting" industry received a total of $284.74M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 96% lower than Lozano Insurance Adjusters' reported 98 employees, and received an average PPP loan of $51,602, 97% lower than this company's loan of $1.67M.
FederalPay's PPP Information Policy
Footnotes & Information
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