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PPP Loan Data — National Securities Corporation, Boca Raton, FL

SBA PPP loan data, payroll data, and salaries for National Securities Corporation

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:


Loan Approved:




National 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.

Because the loan received by National Securities Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - National Securities Corporation in Boca Raton, FL

National Securities Corporation
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-22

Similar 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).

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.

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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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** This Document Provided By - The Civil Employee's Resource **