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PPP Loan Data — Sequoia Benefits & Insurance Services, LLC,
San Mateo, CA
Sequoia Benefits & Insurance Services, LLC
Entity: Limited Liability Company (LLC)
Industry: Administrative Management and General Management Consulting Services
Location: San Mateo, CA
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Sequoia Benefits & Insurance Services, LLC is a limited liability company (LLC) located at 1850 Gateway Drive in San Mateo, California that received a Coronavirus-related PPP loan from the SBA of $4,498,700.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
251Loan Approved:
2020-04-07Lender:
CITY NATIONAL BANK OF FLORIDASequoia Benefits & Insurance Services, LLC in San Mateo, CA received a Paycheck Protection Loan of $4.5M through CITY NATIONAL BANK OF FLORIDA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Sequoia Benefits & Insurance Services, LLC's total 2019 payroll expenses were approximately $21.59M in order to qualify for the PPP loan amount received.
Based on their reported 251 jobs retained, this equals an estimated average yearly compensation of $86,031 per employee1.
Business Information - Sequoia Benefits & Insurance Services, LLC in San Mateo, CA
1850 Gateway Drive
San Mateo, CA 94404
Business Industry
Administrative Management and General Management Consulting Services (NAICS code 541611)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: CA-14Similar Companies near San Mateo
In the San Mateo area, 13 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 28 employees (compared to this company's 251) and received an average PPP loan of $509,462 (compared to this company's $4.5M).
Similar Nearby Businesses Who Received PPP Funding:
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Zealstrat LLC
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United Innovation Services, Inc.
Foster City, CA
MYC Enterprise
Foster City, CA
Silicon Valley Innovation Center
San Mateo, CA
Technology Finance Partners
Foster City, CA
Match Point Group, Inc.
San Mateo, CA
Resource Torrent Inc
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Industry PPP Comparison Statistics
Nationwide, 42,814 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $3,692,368,152.00 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 6 employees, 98% lower than Sequoia Benefits & Insurance Services, LLC's reported 251 employees, and received an average PPP loan of $86,242, 98% lower than this company's loan of $4.5M.
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, and is published unmodified, as provided by the SBA.
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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