PPP Loan Data — Ryan Nash Agency, Baltimore, MD
Ryan Nash Agency is a sole proprietorship located at 1200 East Fort Ave in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $46,700.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least seven people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Ryan Nash Agency in Baltimore, MD received a Paycheck Protection Loan of $46,700 through BayVanguard Bank, 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, Ryan Nash Agency's 2019 payroll expenses are estimated to be at least $224,160.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $32,023 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ryan Nash Agency reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,700
Business Information - Ryan Nash Agency in Baltimore, MD
1200 East Fort Ave
Baltimore, MD 21230
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Baltimore
In the Baltimore area, 15 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 7) and received an average PPP loan of $141,716 (compared to this company's $46,700).
Similar Nearby Businesses Who Received PPP Funding:
EVA M Hamper Insurance Agency
E Life Annuities
Coakley Insurance Group LLC
GIS Benefits - Mid-Atlantic LLC
Employee One Benefit Solutions, LLC
Sanchez Insurance 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, 43% lower than Ryan Nash Agency's reported 7 employees, and received an average PPP loan of $39,254, 16% lower than this company's loan of $46,700.
FederalPay's PPP Information Policy
Footnotes & Information
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