PPP Loan Data — Bernard Robinson & Company LLP, Greensboro, NC
Bernard Robinson & Company LLP is a partnership located at 1501 Highwoods Blvd Ste 300 in Greensboro, North Carolina that received a Coronavirus-related PPP loan from the SBA of $2,258,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First-Citizens Bank & Trust Company
Bernard Robinson & Company LLP in Greensboro, NC received a Paycheck Protection Loan of $2.26M through First-Citizens Bank & Trust Company, 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
Understanding Payroll Estimates Based On PPP Amount
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, Bernard Robinson & Company LLP's 2019 payroll expenses are estimated to be at least $10.84M.
Based on their reported 146 jobs retained, this equals an estimated average yearly compensation of $74,252 per employee1
Reported PPP Proceed Usage:
On the PPP application, Bernard Robinson & Company LLP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,258,500
Business Information - Bernard Robinson & Company LLP in Greensboro, NC
1501 Highwoods Blvd Ste 300
Greensboro, NC 27410
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Greensboro
In the Greensboro area, 13 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 146) and received an average PPP loan of $264,456 (compared to this company's $2.26M).
Similar Nearby Businesses Who Received PPP Funding:
Dodson, Shelton & Nelson, PA
Delman & Company CPAs
Brumfield And Wooldridge CPA
Debbie Brower CPA PLLC
Wayne Duckworth, CPA, PA
Long & Alexander, PLLC
Butler CPA PA
Patricia J Gillispie CPA PA
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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, 96% lower than Bernard Robinson & Company LLP's reported 146 employees, and received an average PPP loan of $73,772, 97% lower than this company's loan of $2.26M.
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Footnotes & Information
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