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PPP Loan Information — LOZANO SMITH LLP

SBA PPP loan data, payroll data, and salaries for
CA

LOZANO SMITH LLP

Business Type: Limited Liability Partnership

Industry: Offices of Lawyers

Location: FRESNO, CA

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LOZANO SMITH LLP is a limited liability partnership located in Fresno, California that received a Coronavirus-related PPP loan from the SBA of at least $2,000,000.00 in April, 2020.

PPP Loan Information

Loan Size:

$2M to $5M
Likely Actual Range:
$2M to $3.71M

Jobs Retained:

178

Loan Approved:

2020-04-11

Lender:

Fresno First Bank

LOZANO SMITH LLP received a Paycheck Protection Loan of between 2M and 5M through Fresno First Bank, which was approved in April, 2020.

When accounting for 178 claimed employees and the PPP salary cap of $100k per employee, the actual maximum PPP received by this business is likely $3.71M2.

Based on standard PPP eligibility rules, LOZANO SMITH LLP's total 2019 payroll expenses were between $9.6M and $17.8M+ in order to qualify for the PPP loan amount received. Based on their reported 178 jobs retained, this equals an estimated average yearly compensation between $53,933 and $100,000+ per employee1.

Because the loan received by LOZANO SMITH LLP is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - LOZANO SMITH LLP in FRESNO, CA

LOZANO SMITH LLP
7404 N SPALDING AVE
FRESNO, CA 93720

Business Industry

Offices of Lawyers (NAICS code 541110)

Business Owner Demographics

Race / Ethnicity: Unanswered

Gender: Unanswered

Veteran Status: Unanswered

CA - 16

Similar Nearby Businesses Who Received PPP Funding:

MCCORMICK, BARSTOW, SHEPPARD, WAYTE & CARRUTH, LLP
($2-5 million)
WANGER JONES HELSLEY PC
($1-2 million)
GROSSMAN LAW OFFICES, A PROFESSIONAL LAW CORPORATION
($350,000-1 million)
EDDINGS ATTORNEY SUPPORT SERVICE INC
($150,000-350,000)
EDDINGS ATTORNEY SUPPORT SERVICES
($150,000-350,000)


Employee Statistics

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for private companies that received a PPP loan of $150,000 or over. 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.

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/27431-lozano-smith-llp-fresno-ca