PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Aaronson Schantz Beiley PA, Miami, FL

ALERT: There are 2 PPP loans for a total of $235,765 in our database for businesses with the name "Aaronson Schantz Beiley PA" in Miami, FL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Aaronson Schantz Beiley PA
FL

Aaronson Schantz Beiley PA

Entity: Subchapter S Corporation

Industry: Offices of Lawyers

Location: Miami, FL

Search All PPP Data

Aaronson Schantz Beiley PA is a subchapter s corporation located at 2 S Biscayne Blvd Ste 3450 in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $116,265.00 in February, 2021.

$ PPP Loan Information
Loan #3390468400

Loan Size:

$116,265

Jobs Retained:

6

Loan Approved:

2021-02-04

Loan Status:

Ongoing Loan

Lender:

City National Bank of Florida

Aaronson Schantz Beiley PA in Miami, FL received a Paycheck Protection Loan of $116,265 through City National Bank of Florida, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

Based 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, Aaronson Schantz Beiley PA's 2019 payroll expenses are estimated to be at least $558,072.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $93,012 per employee1

Reported PPP Proceed Usage:

On the PPP application, Aaronson Schantz Beiley PA reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $116,264

Business Information - Aaronson Schantz Beiley PA in Miami, FL

Aaronson Schantz Beiley PA
2 S Biscayne Blvd Ste 3450
Miami, FL 33131

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Miami-dade County, FL — SBA Office 0455 — Congressional District: FL-27

Similar Companies near Miami

In the Miami area, 777 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $115,900 (compared to this company's $116,265).

Industry PPP Comparison Statistics

Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, the same amount reported by Aaronson Schantz Beiley PA and received an average PPP loan of $81,518, 30% lower than this company's loan of $116,265.

SBA PPP loan data, payroll data, and salaries for Aaronson Schantz Beiley PA
FL

Aaronson Schantz Beiley PA

Entity: Subchapter S Corporation

Industry: Offices of Lawyers

Location: Miami, FL

Search All PPP Data

Aaronson Schantz Beiley PA is a subchapter s corporation located at 2 South Biscayne Boulevard Floor 34 in Miami, Florida that received a Coronavirus-related PPP loan from the SBA of $119,500.00 in April, 2020.

$ PPP Loan Information
Loan #3864487304

Loan Size:

$119,500

Jobs Retained:

6

Loan Approved:

2020-04-29

Loan Status:

Ongoing Loan

Lender:

City National Bank of Florida

Aaronson Schantz Beiley PA in Miami, FL received a Paycheck Protection Loan of $119,500 through City National Bank of Florida, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

Based 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, Aaronson Schantz Beiley PA's 2019 payroll expenses are estimated to be at least $573,600.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $95,600 per employee1

Reported PPP Proceed Usage:

On the PPP application, Aaronson Schantz Beiley PA reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $89,625
  • Utilities: $29,875

Business Information - Aaronson Schantz Beiley PA in Miami, FL

Aaronson Schantz Beiley PA
2 South Biscayne Boulevard Floor 34
Miami, FL 33131

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Miami-dade County, FL — SBA Office 0455 — Congressional District: FL-27

Similar Companies near Miami

In the Miami area, 777 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $115,900 (compared to this company's $119,500).

Industry PPP Comparison Statistics

Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, the same amount reported by Aaronson Schantz Beiley PA and received an average PPP loan of $81,518, 32% lower than this company's loan of $119,500.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/aaronson-schantz-beiley-pa-miami-fl