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PPP Loan Data — Baker Newman & Noyes PA LLC,
Portland, ME
Baker Newman & Noyes PA LLC
Entity: Limited Liability Company (LLC)
Industry: Offices of Certified Public Accountants
Location: Portland, ME
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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
Loan Size:
Jobs Retained:
276Loan Approved:
2020-04-09Lender:
TD BANK, NATIONAL ASSOCIATIONBaker 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
Business Industry
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: ME-01Similar 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
Portland, ME
Andrews Nadeau & Associates PA
Portland, ME
Dakers & Hall, LLC
Portland, ME
Berry Dunn Mcneil & Parker Inc
Portland, ME
Filler & How, PA
Portland, ME
ADS Accounting, LLC
Portland, ME
Bruzgo Company LLC
Portland, ME
M.R. Griffin Inc.
Portland, ME
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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