PPP Loan Data — Tina Cooper Payne, Fairhope, AL
Tina Cooper Payne is an independent contractor located in Fairhope, Alabama that received a Coronavirus-related PPP loan from the SBA of $6,983.00 in May, 2020.
The company has reported itself as a female owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Tina Cooper Payne in Fairhope, AL received a Paycheck Protection Loan of $6,983 through United Bank, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
Reported PPP Proceed Usage:
On the PPP application, Tina Cooper Payne reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $6,983
Business Information - Tina Cooper Payne in Fairhope, AL
* Full address is redacted to protect the privacy of individuals.
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Fairhope
In the Fairhope area, 30 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 1) and received an average PPP loan of $40,879 (compared to this company's $6,983).
Similar Nearby Businesses Who Received PPP Funding:
Surego Administrative Services LLC
Merchant Insurance, LLC
Andrew M Malone Insurance Agency In
John A. Robertson Insurance Agency, Inc
LTN Insurance Services, LLC
Reeves Agency Inc
Steve Moore Insurance LLC
Adas Enterprises LLC
Timothy M Kant
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, 300% higher than Tina Cooper Payne's reported 1 employees, and received an average PPP loan of $39,254, 462% higher than this company's loan of $6,983.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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