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PPP Loan Data — Clements Employment Law PC,
San Francisco, CA
Clements Employment Law PC
Entity: Corporation
Industry: All Other Legal Services
Location: San Francisco, CA
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Clements Employment Law PC is a corporation located in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $20,100.00 in April, 2021.
$
PPP Loan Information
Loan #4985808704
Loan Size:
Jobs Retained:
1Loan Approved:
2021-04-02Loan Status:
Paid in Full or ForgivenLender:
Summit State BankClements Employment Law PC in San Francisco, CA received a Paycheck Protection Loan of $20,100 through Summit State Bank, which was approved in April, 2021.
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 February, 2022.
Reported PPP Proceed Usage:
On the PPP application, Clements Employment Law PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,100
Business Information - Clements Employment Law PC in San Francisco, CA
San Francisco, CA
* Full address is redacted to protect the privacy of individuals.
Business Industry:
All Other Legal Services
NAICS code 541199
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 8 other businesses that received a PPP loan registered to the same address as Clements Employment Law PC.
Elysiot Inc
Custom Computer Programming Services
Amin Law PC
Offices of Lawyers
Byron Sun
Legal Counsel and Prosecution
Jackson Square Insurance Associates
Insurance Agencies and Brokerages
YU Capital
Other Activities Related to Real Estate
Susan Holbrook
Offices of Physicians, Mental Health Specialists
Strategic Enterprise Solutions Inc
Other Management Consulting Services
Pheno Biome Diagnostics
Medical Laboratories
Similar Companies near San Francisco
In the San Francisco area, 14 businesses in the "All Other Legal Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 1) and received an average PPP loan of $343,672 (compared to this company's $20,100).
Similar Nearby Businesses Who Received PPP Funding:
TBC, Inc., Esop
San Francisco, CA
Whitemore James Black, Inc
San Francisco, CA
XIA Hwang
San Francisco, CA
Fallon, Bixby, Cheng And Lee, Inc
San Francisco, CA
Fayaz Rajani
San Francisco, CA
Severson & Werson, A Professional Corporation
San Francisco, CA
Law Office Of Milena Levitin
San Francisco, CA
Wood LLP
San Francisco, CA
Industry PPP Comparison Statistics
Nationwide, 17,590 businesses in the "All Other Legal Services" industry received a total of $855.96M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 300% higher than Clements Employment Law PC's reported 1 employees, and received an average PPP loan of $48,662, 142% higher than this company's loan of $20,100.
Clements Employment Law, PC
Entity: Corporation
Industry: Labor Unions and Similar Labor Organizations
Location: San Francisco, CA
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Clements Employment Law, PC is a corporation located at 75 Broadway Suite 202 in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $20,100.00 in April, 2020.
$
PPP Loan Information
Loan #6329347005
Loan Size:
Jobs Retained:
2Loan Approved:
2020-04-06Loan Status:
Paid in Full or ForgivenLender:
Summit State BankClements Employment Law, PC in San Francisco, CA received a Paycheck Protection Loan of $20,100 through Summit 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 March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Clements Employment Law, PC's 2019 payroll expenses are estimated to be at least $96,480.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $48,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Clements Employment Law, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $16,000
- Rent: $4,100
Business Information - Clements Employment Law, PC in San Francisco, CA
75 Broadway Suite 202
San Francisco, CA 94111
Business Industry:
Labor Unions and Similar Labor Organizations
NAICS code 813930
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 2 other businesses that received a PPP loan registered to the same address as Clements Employment Law, PC.
Boinu LLC
Investment Advice
Elevon Wealth Management LLC
Investment Advice
Similar Companies near San Francisco
In the San Francisco area, 2 businesses in the "Labor Unions and Similar Labor Organizations" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $20,468 (compared to this company's $20,100).
Similar Nearby Businesses Who Received PPP Funding:
AK Employment Law Office
San Francisco, CA
Industry PPP Comparison Statistics
Nationwide, 1,560 businesses in the "Labor Unions and Similar Labor Organizations" industry received a total of $317.67M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 17 employees, 750% higher than Clements Employment Law, PC's reported 2 employees, and received an average PPP loan of $203,636, 913% higher than this company's loan of $20,100.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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