PPP Loan Data — Cavaliere Law Firm LLC, Fairbanks, AK
Cavaliere Law Firm LLC is a limited liability company (LLC) located at 306 Cushman St. Ste 102 in Fairbanks, Alaska that received a Coronavirus-related PPP loan from the SBA of $25,400.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Denali State Bank
Cavaliere Law Firm LLC in Fairbanks, AK received a Paycheck Protection Loan of $25,400 through Denali State Bank, 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 January, 2021.
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, Cavaliere Law Firm LLC's 2019 payroll expenses are estimated to be at least $121,920.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Cavaliere Law Firm LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,400
Business Information - Cavaliere Law Firm LLC in Fairbanks, AK
306 Cushman St. Ste 102
Fairbanks, AK 99701
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Fairbanks
In the Fairbanks area, 32 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $63,245 (compared to this company's $25,400).
Similar Nearby Businesses Who Received PPP Funding:
Richard A Basarab
The Law Office Of Gary L Stapp
Franich Law Office LLC
Law Office Of Kenneth L Covell
Hoppner Law Office, PC
Zimmerman & Wallace, A Professional Corporation
Burglin & Doxey PC
Robert A Sparks, Attorney At Law
Merdes Law Office, PC
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, 200% higher than Cavaliere Law Firm LLC's reported 2 employees, and received an average PPP loan of $81,518, 221% higher than this company's loan of $25,400.
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Footnotes & Information
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