PPP Loan Data — Tampa Bay Health Insurance Advisors LLC, Tampa, FL
Tampa Bay Health Insurance Advisors LLC is a limited liability company (LLC) located at 5402 W Laurel St Suite 109 in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $24,816.00 in July, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Tampa Bay Health Insurance Advisors LLC in Tampa, FL received a Paycheck Protection Loan of $24,816 through Kabbage, Inc., which was approved in July, 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, Tampa Bay Health Insurance Advisors LLC's 2019 payroll expenses are estimated to be at least $119,117.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,706 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tampa Bay Health Insurance Advisors LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,816
Business Information - Tampa Bay Health Insurance Advisors LLC in Tampa, FL
5402 W Laurel St Suite 109
Tampa, FL 33607
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 70 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 $46,657 (compared to this company's $24,816).
Similar Nearby Businesses Who Received PPP Funding:
Insurance Seguros Of America Inc
Gonzalez Insurance Agency LLC
Excalibur Financial Group
First Cardinal Financial Services LLC
Austin L Schonbrun
David J Spencer
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 Tampa Bay Health Insurance Advisors LLC's reported 3 employees, and received an average PPP loan of $39,254, 58% higher than this company's loan of $24,816.
FederalPay's PPP Information Policy
Footnotes & Information
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