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PPP Loan Data — Bell Nunnally & Martin LLP, Dallas, TX

SBA PPP loan data, payroll data, and salaries for Bell Nunnally & Martin LLP
TX

Bell Nunnally & Martin LLP

Entity: Limited Liability Partnership

Industry: Offices of Lawyers

Location: Dallas, TX

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Bell Nunnally & Martin LLP is a limited liability partnership located at 2323 Ross Ave Suite 1900 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $1,824,407.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 93 people during the applicable loan loan period.

$ PPP Loan Information
Loan #6430697010

Loan Size:

$1.82M

Jobs Retained:

93

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

BBVA USA

Bell Nunnally & Martin LLP in Dallas, TX received a Paycheck Protection Loan of $1.82M through BBVA USA, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2021.

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, Bell Nunnally & Martin LLP's 2019 payroll expenses are estimated to be at least $8.76M.

Based on their reported 93 jobs retained, this equals an estimated average yearly compensation of $94,163 per employee1

Reported PPP Proceed Usage:

On the PPP application, Bell Nunnally & Martin LLP reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $1,368,305
  • Utilities: $228,051
  • Mortgage Interest: $228,051

Business Information - Bell Nunnally & Martin LLP in Dallas, TX

Bell Nunnally & Martin LLP
2323 Ross Ave Suite 1900
Dallas, TX 75201

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Unreported

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Dallas County, TX — SBA Office 0610 — Congressional District: TX-30

Similar Companies near Dallas

In the Dallas area, 331 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 93) and received an average PPP loan of $275,495 (compared to this company's $1.82M).

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, 94% lower than Bell Nunnally & Martin LLP's reported 93 employees, and received an average PPP loan of $81,518, 96% lower than this company's loan of $1.82M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/bell-nunnally-martin-llp-dallas-tx