PPP Loan Data — Sean Gregory, Dallas, TX
Sean Gregory is a sole proprietorship located at 7120 Campbell Road Ste 103 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $25,255.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Sean Gregory in Dallas, TX received a Paycheck Protection Loan of $25,255 through Mesquite CU, which was approved in April, 2020.
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, Sean Gregory's 2019 payroll expenses are estimated to be at least $121,224.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,408 per employee1
Reported PPP Proceed Usage:
On the PPP application, Sean Gregory reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,730
- Rent: $2,526
Business Information - Sean Gregory in Dallas, TX
7120 Campbell Road Ste 103
Dallas, TX 75248
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 65 businesses in the "Insurance Agencies and Brokerages" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $25,879 (compared to this company's $25,255).
Similar Nearby Businesses Who Received PPP Funding:
Seieroe Insurance Agency
Oakwood Advisory Group LLC
Neja TX Insurance Services
Bolden Insurance Agency, LLC
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, 33% higher than Sean Gregory's reported 3 employees, and received an average PPP loan of $39,254, 55% higher than this company's loan of $25,255.
FederalPay's PPP Information Policy
Footnotes & Information
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