PPP Loan Data — Preferred Managing Agency LLC, Tallahassee, FL
Preferred Managing Agency LLC is a limited liability company (LLC) located at 2750 Chancellorsville Dr in Tallahassee, Florida that received a Coronavirus-related PPP loan from the SBA of $2,869,432.00 in April, 2020.
$ PPP Loan Information
Lender:HANCOCK WHITNEY BANK
Preferred Managing Agency LLC in Tallahassee, FL received a Paycheck Protection Loan of $2.87M through HANCOCK WHITNEY BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 65 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 138.
Based on standard PPP eligibility rules, Preferred Managing Agency LLC's total 2019 payroll expenses were approximately $13.77M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 65 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Preferred Managing Agency LLC in Tallahassee, FL
2750 Chancellorsville Dr
Tallahassee, FL 32312
Offices of Other Holding Companies (NAICS code 551112)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-02
Similar Companies near Tallahassee
In the Tallahassee area, 2 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 36 employees (compared to this company's 65) and received an average PPP loan of $1,449,394 (compared to this company's $2.87M).
Similar Nearby Businesses Who Received PPP Funding:
SDC Health, Inc.
Industry PPP Comparison Statistics
Nationwide, 7,606 businesses in the "Offices of Other Holding Companies" industry received a total of $1,222,968,235.00 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 14 employees, 78% lower than Preferred Managing Agency LLC's reported 65 employees, and received an average PPP loan of $160,790, 94% lower than this company's loan of $2.87M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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