PPP Loan Data — Scottish American Management, LLC, Grapevine, TX
Scottish American Management, LLC is a limited liability company (LLC) located at 627 W. College Street in Grapevine, Texas that received a Coronavirus-related PPP loan from the SBA of $2,740,600.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST FINANCIAL BANK
Scottish American Management, LLC received a Paycheck Protection Loan of $2.74M through FIRST FINANCIAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Scottish American Management, LLC's total 2019 payroll expenses were approximately $13.15M in order to qualify for the PPP loan amount received.
Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $73,083 per employee1.
Business Information - Scottish American Management, LLC in Grapevine, TX
627 W. College Street
Grapevine, TX 76051
All Other Insurance Related Activities (NAICS code 524298)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-24
Similar Companies near Grapevine
In the Grapevine area, 4 businesses in the "All Other Insurance Related Activities" industry received a PPP loan. These local businesses reported an average of 56 employees (compared to this company's 180) and received an average PPP loan of $887,575 (compared to this company's $2.74M).
Similar Nearby Businesses Who Received PPP Funding:
Leonard J. Gargagliano
AFG Companies Inc
Albracht Harwood Insurance Agency Inc.
Industry PPP Comparison Statistics
Nationwide, 5,456 businesses in the "All Other Insurance Related Activities" industry received a total of $365,950,045.00 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, 97% lower than Scottish American Management, LLC's reported 180 employees, and received an average PPP loan of $67,073, 98% lower than this company's loan of $2.74M.
FederalPay's PPP Information Policy
Footnotes & Information
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