PPP Loan Data — Beasley, Allen, Crow, Methvin, Portis & Miles, PC, Montgomery, AL
Beasley, Allen, Crow, Methvin, Portis & Miles, PC is a corporation located at 218 Commerce St in Montgomery, Alabama that received a Coronavirus-related PPP loan from the SBA of $4,202,424.00 in April, 2020.
$ PPP Loan Information
Beasley, Allen, Crow, Methvin, Portis & Miles, PC received a Paycheck Protection Loan of $4.2M through SYNOVUS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Beasley, Allen, Crow, Methvin, Portis & Miles, PC's total 2019 payroll expenses were approximately $20.17M in order to qualify for the PPP loan amount received.
Based on their reported 277 jobs retained, this equals an estimated average yearly compensation of $72,822 per employee1.
Business Information - Beasley, Allen, Crow, Methvin, Portis & Miles, PC in Montgomery, AL
218 Commerce St
Montgomery, AL 36104
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-02
Similar Companies near Montgomery
In the Montgomery area, 76 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 277) and received an average PPP loan of $155,637 (compared to this company's $4.2M).
Similar Nearby Businesses Who Received PPP Funding:
Darby Law Firm, LLC
Will Barfoot, Attorney At Law, LLC
Mcguire And Associates, LLC
Webster, Henry, Bradwell, Bohan, Speagle, Deshazo PC
Gregg & Associates
Patrice E. Mcclammy
Tierrnan W Luck, III, LLC
John T Kirk
Wilkerson & Bryan, PC
Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 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, 98% lower than Beasley, Allen, Crow, Methvin, Portis & Miles, PC's reported 277 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $4.2M.
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.
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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