PPP Loan Data — David Crader, Attorney At Law, LLC, Sikeston, MO
David Crader, Attorney At Law, LLC is a limited liability company (LLC) located at 111 S. New Madrid in Sikeston, Missouri that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least six people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
David Crader, Attorney At Law, LLC in Sikeston, MO received a Paycheck Protection Loan of $46,000 through Montgomery 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 February, 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, David Crader, Attorney At Law, LLC's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,800 per employee1
Reported PPP Proceed Usage:
On the PPP application, David Crader, Attorney At Law, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,800
- Utilities: $7,000
- Rent: $2,200
Business Information - David Crader, Attorney At Law, LLC in Sikeston, MO
111 S. New Madrid
Sikeston, MO 63801
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Sikeston
In the Sikeston area, 20 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $44,028 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
Liszewski Law Firm L.c
Franklin Marshall, Attorney At Law
Whiffen And Beussink, LLP
Thornton & Robison, Attorneys At Law
Charles Leible Attorney At Law
James M. Mcclellan Attorney
Blanton Nickell Collins Douglas & Hanschen, LLC
Burns Taylor Heckemeyer Green & Edwards LLC
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, the same amount reported by David Crader, Attorney At Law, LLC and received an average PPP loan of $81,518, 77% higher than this company's loan of $46,000.
FederalPay's PPP Information Policy
Footnotes & Information
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