PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Cipriani & Werner, PC, Pittsburgh, PA

SBA PPP loan data, payroll data, and salaries for Cipriani & Werner, PC
PA

Cipriani & Werner, PC

Entity: Subchapter S Corporation

Industry: Offices of Lawyers

Location: Pittsburgh, PA

Search All PPP Data

Cipriani & Werner, PC is a subchapter s corporation located at 650 Washington Rd in Pittsburgh, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $5,576,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$5.58M

Jobs Retained:

315

Loan Approved:

2020-04-07

Lender:

FIRST NATIONAL BANK OF PENNSYLVANIA

Cipriani & Werner, PC in Pittsburgh, PA received a Paycheck Protection Loan of $5.58M through FIRST NATIONAL BANK OF PENNSYLVANIA, which was approved in April, 2020.

Based on standard PPP eligibility rules, Cipriani & Werner, PC's total 2019 payroll expenses were approximately $26.77M in order to qualify for the PPP loan amount received.

Based on their reported 315 jobs retained, this equals an estimated average yearly compensation of $84,974 per employee1.

Because the loan received by Cipriani & Werner, PC 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 - Cipriani & Werner, PC in Pittsburgh, PA

Cipriani & Werner, PC
650 Washington Rd
Pittsburgh, PA 15228

Business Industry

Offices of Lawyers (NAICS code 541110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-17

Similar Companies near Pittsburgh

In the Pittsburgh area, 23 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 315) and received an average PPP loan of $290,828 (compared to this company's $5.58M).

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, 98% lower than Cipriani & Werner, PC's reported 315 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $5.58M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/cipriani-and-werner-pc-pittsburgh-pa