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PPP Loan Data — National Securities Corporation,
Boca Raton, FL
National Securities Corporation
Entity: Corporation
Industry: Securities Brokerage
Location: Boca Raton, FL
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National Securities Corporation is a corporation located at 5000 T-rex Avenue in Boca Raton, Florida that received a Coronavirus-related PPP loan from the SBA of $5,523,738.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
346Loan Approved:
2020-04-09Lender:
AXOS BANKNational Securities Corporation received a Paycheck Protection Loan of $5.52M through AXOS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, National Securities Corporation's total 2019 payroll expenses were approximately $26.51M in order to qualify for the PPP loan amount received.
Based on their reported 346 jobs retained, this equals an estimated average yearly compensation of $76,630 per employee1.
Business Information - National Securities Corporation in Boca Raton, FL
5000 T-rex Avenue
Boca Raton, FL 33431
Business Industry
Securities Brokerage (NAICS code 523120)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-22Similar Companies near Boca Raton
In the Boca Raton area, 17 businesses in the "Securities Brokerage" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 346) and received an average PPP loan of $457,375 (compared to this company's $5.52M).
Similar Nearby Businesses Who Received PPP Funding:
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Dawson James Securities Inc
Boca Raton, FL
Zeus Financial, LLC
Boca Raton, FL
Stoll Financial Corporation
Boca Raton, FL
Patrick Abrunzo
Boca Raton, FL
Enclave Capital LLC
Boca Raton, FL
Harlan Wenig
Boca Raton, FL
Noble Capital Markets, Inc.
Boca Raton, FL
Industry PPP Comparison Statistics
Nationwide, 3,089 businesses in the "Securities Brokerage" industry received a total of $262,454,625.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than National Securities Corporation's reported 346 employees, and received an average PPP loan of $84,964, 98% lower than this company's loan of $5.52M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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