PPP Loan Data — National Securities Corporation,
Boca Raton, FL
National Securities Corporation
Entity: Corporation
Industry: Securities Brokerage
Location: Boca Raton, FL

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
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Zeus Financial, LLC
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Stoll Financial Corporation
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Patrick Abrunzo
Boca Raton, FL
Enclave Capital LLC
Boca Raton, FL
Harlan Wenig
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Noble Capital Markets, Inc.
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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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