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PPP Loan Data — Butler Snow, LLP, Ridgeland, MS

SBA PPP loan data, payroll data, and salaries for Butler Snow, LLP
MS

Butler Snow, LLP

Entity: Limited Liability Partnership

Industry: Offices of Lawyers

Location: Ridgeland, MS

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Butler Snow, LLP is a limited liability partnership located at 1020 Highland Colony Pkwy in Ridgeland, Mississippi that received a Coronavirus-related PPP loan from the SBA of $8,638,800.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$8.64M

Jobs Retained:

486

Loan Approved:

2020-04-08

Lender:

REGIONS BANK

Butler Snow, LLP received a Paycheck Protection Loan of $8.64M through REGIONS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Butler Snow, LLP's total 2019 payroll expenses were approximately $41.47M in order to qualify for the PPP loan amount received.

Based on their reported 486 jobs retained, this equals an estimated average yearly compensation of $85,321 per employee1.

Because the loan received by Butler Snow, LLP is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Butler Snow, LLP in Ridgeland, MS

Butler Snow, LLP
1020 Highland Colony Pkwy
Ridgeland, MS 39157

Business Industry

Offices of Lawyers (NAICS code 541110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MS-03

Similar Companies near Ridgeland

In the Ridgeland area, 86 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 486) and received an average PPP loan of $183,056 (compared to this company's $8.64M).

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, 99% lower than Butler Snow, LLP's reported 486 employees, and received an average PPP loan of $94,010, 99% lower than this company's loan of $8.64M.

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.

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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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/butler-snow-llp-ridgeland-ms