Anders Minkler Huber & Helm LLP in Saint Louis, MO - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Anders Minkler Huber & Helm LLP, Saint Louis, MO

Anders Minkler Huber & Helm LLP

Entity: Partnership

Industry: Offices of Certified Public Accountants

Location: Saint Louis, MO

Anders Minkler Huber & Helm LLP is a partnership located at 800 Market Street, Suite 500 in Saint Louis, Missouri that received a Coronavirus-related PPP loan from the SBA of $3,073,720.00 in April, 2020.

$ PPP Loan Information
Loan #4515017201

Loan Size:

$3.07M

Jobs Retained:

181

Loan Approved:

2020-04-27

Loan Status:

Ongoing Loan

Lender:

U.S. Bank, National Association

Anders Minkler Huber & Helm LLP in Saint Louis, MO received a Paycheck Protection Loan of $3.07M through U.S. Bank, National Association, 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.

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.

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, Anders Minkler Huber & Helm LLP's 2019 payroll expenses are estimated to be at least $14.75M.

Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $81,513 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Anders Minkler Huber & Helm LLP reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $3,073,720

Because the loan received by Anders Minkler Huber & Helm 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 - Anders Minkler Huber & Helm LLP in Saint Louis, MO

Anders Minkler Huber & Helm LLP
800 Market Street, Suite 500
Saint Louis, MO 63101

Business Industry:
Offices of Certified Public Accountants
NAICS code 541211

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Saint Louis City County, MO — SBA Office 0768 — Congressional District: MO-01

Similar Companies near Saint Louis

In the Saint Louis area, 8 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 181) and received an average PPP loan of $440,196 (compared to this company's $3.07M).

Similar Nearby Businesses Who Received PPP Funding:

Jeanne L Meyer, CPA, LLC
Saint Louis, MO

$21,915 PPP Loan

JKW Capital, LLC
Saint Louis, MO

$19,645 PPP Loan

Massie Fudemberg Goldberg LLC
Saint Louis, MO

$169,200 PPP Loan

Dave M. Finklang, CPA LLC
Saint Louis, MO

$22,100 PPP Loan

Robert L. Berger, CPA, LLC
Saint Louis, MO

$22,141 PPP Loan

Thomas E. Hilton CPA PC
Saint Louis, MO

$23,624 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 54,085 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.12B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 6 employees, 97% lower than Anders Minkler Huber & Helm LLP's reported 181 employees, and received an average PPP loan of $76,122, 98% lower than this company's loan of $3.07M.

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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