Crestline Insurance Services LLC - Paycheck Protection Loan

· Las Vegas Insurance,Commercial Insurance,Business Insurance

Crestline Insurance Services LLC is a small business in Las Vegas, Nevada that specializes in commercial general liability insurance. This type of insurance is designed to protect a business from financial risks that can be caused by lawsuits and litigation. It can be very costly for a business to be sued, so having the right coverage is essential. This type of insurance is necessary for businesses that are prone to having a lot of damage done to their reputation.

The Paycheck Protection Loan is a small business loan made by the Small Business Administration (SBA) that allows eligible companies to pay their monthly payroll costs. The SBA approves a total of 10K per year for businesses that have a payroll of at least $1 million. In this program, an approved lender is required to pay back the loan before it expires, and the SBA will report the status of the company as Paid in Full in November 2021. The Standard Paycheck Protection Loan is calculated as 2.5x average 2019 payroll costs, although specific calculation methods may differ. There are a number of qualifications for this type of loan.

The SBA approved a Paycheck Protection Loan to Crestline Insurance Services LLC for $10,000. The lender was Wells Fargo Bank, National Association. The Paycheck Protection Loan is currently listed as Paid in Full, which means the lender has fully repaid the loan. The last time the SBA updated its status was November 2021. The Standard calculation is up to 2.5x average 2019 payroll costs, but the specific method will vary. The SBA also has a list of several qualifying requirements.