PPP Loan Data — Mark Ensley, Ensley Insurance Agency, Summerville, SC
Mark Ensley, Ensley Insurance Agency is a sole proprietorship located at 2301 Bacons Bridge Road in Summerville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Mark Ensley, Ensley Insurance Agency in Summerville, SC received a Paycheck Protection Loan of $46,200 through Ameris 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, Mark Ensley, Ensley Insurance Agency's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $44,352 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mark Ensley, Ensley Insurance Agency reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $37,000
- Utilities: $4,600
- Rent: $4,600
Business Information - Mark Ensley, Ensley Insurance Agency in Summerville, SC
2301 Bacons Bridge Road
Summerville, SC 29485
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 Summerville
In the Summerville area, 30 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $33,358 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
Tony Pope Insurance, LLC
Will Gaissert Insurance, Inc
Sarah E Modesitt LLC
Timothy E Cardwell Insurance LLC
Corvino Insurance Agency Inc
Absolute 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, 20% lower than Mark Ensley, Ensley Insurance Agency's reported 5 employees, and received an average PPP loan of $39,254, 15% lower than this company's loan of $46,200.
FederalPay's PPP Information Policy
Footnotes & Information
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