PPP Loan Data — Undewriters Safety And Claims, Inc., Louisville, KY
Undewriters Safety And Claims, Inc. is a corporation located at 1700 Eastpoint Parkway in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $3,137,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 234 people during the applicable loan loan period.
$ PPP Loan Information
Lender:COMMONWEALTH BANK & TRUST COMPANY
Undewriters Safety And Claims, Inc. in Louisville, KY received a Paycheck Protection Loan of $3.14M through COMMONWEALTH BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Undewriters Safety And Claims, Inc.'s total 2019 payroll expenses were approximately $15.06M in order to qualify for the PPP loan amount received.
Based on their reported 234 jobs retained, this equals an estimated average yearly compensation of $64,349 per employee1.
Business Information - Undewriters Safety And Claims, Inc. in Louisville, KY
1700 Eastpoint Parkway
Louisville, KY 40223
Direct Life Insurance Carriers (NAICS code 524113)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: KY-03
Similar Companies near Louisville
In the Louisville area, 2 businesses in the "Direct Life Insurance Carriers" industry received a PPP loan. These local businesses reported an average of 119 employees (compared to this company's 234) and received an average PPP loan of $1,592,100 (compared to this company's $3.14M).
Similar Nearby Businesses Who Received PPP Funding:
William D. Yancey
Industry PPP Comparison Statistics
Nationwide, 2,070 businesses in the "Direct Life Insurance Carriers" industry received a total of $111,536,867.00 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 5 employees, 98% lower than Undewriters Safety And Claims, Inc.'s reported 234 employees, and received an average PPP loan of $53,883, 98% lower than this company's loan of $3.14M.
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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