PPP Loan Data — M.w. Swan Agency LLC, Brunswick, ME
M.w. Swan Agency LLC is a subchapter s corporation located at 49 Pleasant Street in Brunswick, Maine that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Biddeford Savings, A Division of
M.w. Swan Agency LLC in Brunswick, ME received a Paycheck Protection Loan of $25,300 through Biddeford Savings, A Division of, 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 February, 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, M.w. Swan Agency LLC's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, M.w. Swan Agency LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $21,698
- Utilities: $462
- Rent: $3,140
Business Information - M.w. Swan Agency LLC in Brunswick, ME
49 Pleasant Street
Brunswick, ME 4011
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Brunswick
In the Brunswick area, 5 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $81,700 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Chris Grimes Insurance Agency, Inc
Kyle L. Smith
True Educator Insurance & Retirement Solutions Inc
Bilodeau Insurance Agency, Inc
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, 33% higher than M.w. Swan Agency LLC's reported 3 employees, and received an average PPP loan of $39,254, 55% higher than this company's loan of $25,300.
FederalPay's PPP Information Policy
Footnotes & Information
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