PPP Loan Data — Craig & Craig, LLC, Merrillville, IN
Craig & Craig, LLC is a limited liability company (LLC) located at 400 E. 86th Ave in Merrillville, Indiana that received a Coronavirus-related PPP loan from the SBA of $46,424.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Craig & Craig, LLC in Merrillville, IN received a Paycheck Protection Loan of $46,424 through Tech CU, which was approved in April, 2020.
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, Craig & Craig, LLC's 2019 payroll expenses are estimated to be at least $222,835.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,709 per employee1
Reported PPP Proceed Usage:
On the PPP application, Craig & Craig, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,424
Business Information - Craig & Craig, LLC in Merrillville, IN
400 E. 86th Ave
Merrillville, IN 46410
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Merrillville
In the Merrillville area, 84 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 4) and received an average PPP loan of $46,606 (compared to this company's $46,424).
Similar Nearby Businesses Who Received PPP Funding:
Genetos Lane & Buitendorp, LLP
Law Office Of George S. Brasovan PC
Law Offices Of Steven A Johnson & George S Ivancevich, LLC
Law Offices Of Moseley & Martinez, LLC
Moore & Portelli
Law Office Of Ray L. Szarmach, PC
Spangler, Jennings, And Dougherty, PC
Cohen And Sawochia
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, 50% higher than Craig & Craig, LLC's reported 4 employees, and received an average PPP loan of $81,518, 76% higher than this company's loan of $46,424.
FederalPay's PPP Information Policy
Footnotes & Information
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