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PPP Loan Data — Tony Gregory Insurance Group Inc,
Greenville, SC
Tony Gregory Insurance Group Inc
Entity: Corporation
Industry: Insurance Agencies and Brokerages
Location: Greenville, SC
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Tony Gregory Insurance Group Inc is a corporation located at 408 Laurens Rd in Greenville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $13,816.00 in April, 2021.
The company has reported itself as a Black or african american male owned business, and employed at least one person during the applicable loan loan period.
$
PPP Loan Information
Loan #8432028704
Loan Size:
Jobs Retained:
1Loan Approved:
2021-04-07Loan Status:
Paid in Full or ForgivenLender:
Amur Equipment Finance, Inc.Tony Gregory Insurance Group Inc in Greenville, SC received a Paycheck Protection Loan of $13,816 through Amur Equipment Finance, Inc., which was approved in April, 2021.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in October, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Tony Gregory Insurance Group Inc's 2019 payroll expenses are estimated to be at least $66,317.
Based on their reported 1 jobs retained, this equals an estimated average yearly compensation of $66,317 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tony Gregory Insurance Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $13,811
- Utilities: $1
Business Information - Tony Gregory Insurance Group Inc in Greenville, SC
408 Laurens Rd
Greenville, SC 29607
Business Industry:
Insurance Agencies and Brokerages
NAICS code 524210
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Greenville
In the Greenville area, 42 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 $43,289 (compared to this company's $13,816).
Similar Nearby Businesses Who Received PPP Funding:
Med-I-Care, LLC
Greenville, SC
Turner Agency, Inc
Greenville, SC
Jawgwa Spurgeon
Greenville, SC
Mike Rude LLC
Greenville, SC
Hemly LLC
Greenville, SC
The Sims Agency
Greenville, SC
A-Available Bail Bonding Co LLC
Greenville, SC
Mahler Nunez INS Agcy LTD Co
Greenville, SC
Karen Mosley
Greenville, SC
Industry PPP Comparison Statistics
Nationwide, 148,603 businesses in the "Insurance Agencies and Brokerages" industry received a total of $5.85B 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 Tony Gregory Insurance Group Inc's reported 1 employees, and received an average PPP loan of $39,368, 185% higher than this company's loan of $13,816.
Tony Gregory Insurance Group Inc
Entity: Corporation
Industry: Direct Property and Casualty Insurance Carriers
Location: Greenville, SC
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Tony Gregory Insurance Group Inc is a corporation located at 408 Laurens Rd in Greenville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $13,403.00 in April, 2020.
The company has reported itself as a Black or african american male owned business, and employed at least eight people during the applicable loan loan period.
$
PPP Loan Information
Loan #5435227101
Loan Size:
Jobs Retained:
8Loan Approved:
2020-04-13Loan Status:
Paid in Full or ForgivenLender:
TD Bank, National AssociationTony Gregory Insurance Group Inc in Greenville, SC received a Paycheck Protection Loan of $13,403 through TD Bank, National Association, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in September, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Tony Gregory Insurance Group Inc's 2019 payroll expenses are estimated to be at least $64,334.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $8,042 per employee1
Reported PPP Proceed Usage:
On the PPP application, Tony Gregory Insurance Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $13,403
Business Information - Tony Gregory Insurance Group Inc in Greenville, SC
408 Laurens Rd
Greenville, SC 29607
Business Industry:
Direct Property and Casualty Insurance Carriers
NAICS code 524126
Business Owner Demographics
Race: Black or African American
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Greenville
In the Greenville area, 2 businesses in the "Direct Property and Casualty Insurance Carriers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 8) and received an average PPP loan of $60,592 (compared to this company's $13,403).
Similar Nearby Businesses Who Received PPP Funding:
Smith Insurance Agency, Inc. The
Greenville, SC
Industry PPP Comparison Statistics
Nationwide, 5,597 businesses in the "Direct Property and Casualty Insurance Carriers" industry received a total of $398.37M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 25% lower than Tony Gregory Insurance Group Inc's reported 8 employees, and received an average PPP loan of $71,175, 431% higher than this company's loan of $13,403.
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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