PPP Loan Data — BWW Law Group LLC, Rockville, MD
BWW Law Group LLC is a limited liability company (LLC) located at 6003 Executive Blvd in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,532,674.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
BWW Law Group LLC in Rockville, MD received a Paycheck Protection Loan of $2.53M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, BWW Law Group LLC's total 2019 payroll expenses were approximately $12.16M in order to qualify for the PPP loan amount received.
Based on their reported 229 jobs retained, this equals an estimated average yearly compensation of $53,087 per employee1.
Business Information - BWW Law Group LLC in Rockville, MD
6003 Executive Blvd
Rockville, MD 20852
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-08
Similar Companies near Rockville
In the Rockville area, 57 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 229) and received an average PPP loan of $114,178 (compared to this company's $2.53M).
Similar Nearby Businesses Who Received PPP Funding:
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Law Office Of Adam D Harris, LLC
Hoffman Employment Law LLC
Law Office Of Miguel Palmeiro, LLC
David P Korteling PC
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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, 97% lower than BWW Law Group LLC's reported 229 employees, and received an average PPP loan of $94,010, 96% lower than this company's loan of $2.53M.
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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