PPP Loan Data — Baker Newman & Noyes PA LLC, Portland, ME
Baker Newman & Noyes PA LLC is a limited liability company (LLC) located at 280 Fore St in Portland, Maine that received a Coronavirus-related PPP loan from the SBA of $5,239,197.00 in April, 2020.
$ PPP Loan Information
Lender:TD BANK, NATIONAL ASSOCIATION
Baker Newman & Noyes PA LLC in Portland, ME received a Paycheck Protection Loan of $5.24M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Baker Newman & Noyes PA LLC's total 2019 payroll expenses were approximately $25.15M in order to qualify for the PPP loan amount received.
Based on their reported 276 jobs retained, this equals an estimated average yearly compensation of $91,116 per employee1.
Business Information - Baker Newman & Noyes PA LLC in Portland, ME
280 Fore St
Portland, ME 04101
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: ME-01
Similar Companies near Portland
In the Portland area, 13 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 66 employees (compared to this company's 276) and received an average PPP loan of $1,122,393 (compared to this company's $5.24M).
Similar Nearby Businesses Who Received PPP Funding:
Herodes Financial, PA
Andrews Nadeau & Associates PA
Dakers & Hall, LLC
Berry Dunn Mcneil & Parker Inc
Filler & How, PA
ADS Accounting, LLC
Bruzgo Company LLC
M.R. Griffin Inc.
Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Baker Newman & Noyes PA LLC's reported 276 employees, and received an average PPP loan of $88,968, 98% lower than this company's loan of $5.24M.
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, 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.
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