PPP Loan Data — Universal Insurance Managers, Inc., Sarasota, FL
Universal Insurance Managers, Inc.
Location: Sarasota, FLTweet This • Search All PPP Data
Universal Insurance Managers, Inc. is a corporation located at 101 Paramount Drive Ste 220 in Sarasota, Florida that received a Coronavirus-related PPP loan from the SBA of $4,169,878.00 in April, 2020.
$ PPP Loan Information
Lender:FIRSTBANK PUERTO RICO
Universal Insurance Managers, Inc. in Sarasota, FL received a Paycheck Protection Loan of $4.17M through FIRSTBANK PUERTO RICO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Universal Insurance Managers, Inc.'s total 2019 payroll expenses were approximately $20.02M in order to qualify for the PPP loan amount received.
Based on their reported 213 jobs retained, this equals an estimated average yearly compensation of $93,969 per employee1.
Business Information - Universal Insurance Managers, Inc. in Sarasota, FL
101 Paramount Drive Ste 220
Sarasota, FL 34232
Third Party Administration of Insurance and Pension Funds (NAICS code 524292)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-16
Industry PPP Comparison Statistics
Nationwide, 871 businesses in the "Third Party Administration of Insurance and Pension Funds" industry received a total of $249,450,055.00 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 19 employees, 91% lower than Universal Insurance Managers, Inc.'s reported 213 employees, and received an average PPP loan of $286,395, 93% lower than this company's loan of $4.17M.
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