PPP Loan Data — Brown, Edwards & Company, LLP, Roanoke, VA
Brown, Edwards & Company, LLP is a limited liability partnership located at 319 Mcclanahan St in Roanoke, Virginia that received a Coronavirus-related PPP loan from the SBA of $5,571,600.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Brown, Edwards & Company, LLP in Roanoke, VA received a Paycheck Protection Loan of $5.57M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Brown, Edwards & Company, LLP's total 2019 payroll expenses were approximately $26.74M in order to qualify for the PPP loan amount received.
Based on their reported 310 jobs retained, this equals an estimated average yearly compensation of $86,270 per employee1.
Business Information - Brown, Edwards & Company, LLP in Roanoke, VA
319 Mcclanahan St
Roanoke, VA 24014
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-06
Similar Companies near Roanoke
In the Roanoke area, 7 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 48 employees (compared to this company's 310) and received an average PPP loan of $846,316 (compared to this company's $5.57M).
Similar Nearby Businesses Who Received PPP Funding:
Stinnette, Craighead & Golston, PC
Cole & Associates CPAS LLC
King, Shores & Preston CPAS, LLC
Accounting By Belinda PC
Budd & Company, Plc
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 Brown, Edwards & Company, LLP's reported 310 employees, and received an average PPP loan of $88,968, 98% lower than this company's loan of $5.57M.
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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