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PPP Loan Data — Security First Managers, LLC, Ormond Beach, FL

SBA PPP loan data, payroll data, and salaries for Security First Managers, LLC
FL

Security First Managers, LLC

Entity: Limited Liability Company (LLC)

Industry: Direct Property and Casualty Insurance Carriers

Location: Ormond Beach, FL

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Security First Managers, LLC is a limited liability company (LLC) located at 1001 Broadway Ave in Ormond Beach, Florida that received a Coronavirus-related PPP loan from the SBA of $5,749,600.00 in April, 2020.

The company has reported itself as a White owned business.

$ PPP Loan Information

Loan Size:

$5.75M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-30

Lender:

TRUIST BANK D/B/A BRANCH BANKING & TRUST CO

Security First Managers, LLC received a Paycheck Protection Loan of $5.75M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.

Based on standard PPP eligibility rules, Security First Managers, LLC's total 2019 payroll expenses were approximately $27.6M in order to qualify for the PPP loan amount received.

Unlike most businesses, Security First Managers, LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Security First Managers, LLC 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 - Security First Managers, LLC in Ormond Beach, FL

Security First Managers, LLC
1001 Broadway Ave
Ormond Beach, FL 32174

Business Industry

Direct Property and Casualty Insurance Carriers (NAICS code 524126)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-06

Industry PPP Comparison Statistics

Nationwide, 4,105 businesses in the "Direct Property and Casualty Insurance Carriers" industry received a total of $356,353,782.00 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 7 employees, and received an average PPP loan of $86,810, 98% lower than this company's loan of $5.75M.

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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/security-first-managers-llc-ormond-beach-fl