PPP Loan Data — David Horvath PA, Tampa, FL
David Horvath PA is a corporation located at 12523 Twin Branch Acres Rd in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $1,840,568.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
David Horvath PA in Tampa, FL received a Paycheck Protection Loan of $1.84M through Cross River Bank, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 Horvath PA's 2019 payroll expenses are estimated to be at least $8.83M.
Based on their reported 101 jobs retained, this equals an estimated average yearly compensation of $87,473 per employee1
Reported PPP Proceed Usage:
On the PPP application, David Horvath PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,840,568
Business Information - David Horvath PA in Tampa, FL
12523 Twin Branch Acres Rd
Tampa, FL 33626
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Tampa
In the Tampa area, 51 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 101) and received an average PPP loan of $111,383 (compared to this company's $1.84M).
Similar Nearby Businesses Who Received PPP Funding:
American Immigrant Legal Services, LLC
Law Offices Of Martin Schwartz Immigration And Civil Law PA
Fresh Legal Perspective, Pl
D.a. Wallen Company LLC
The Law Offices Of Dennis J. Szafran
Mitchell Feldman ESQ., PA
Stewart Legal Group PLLC
David Horvath Law PA
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, 94% lower than David Horvath PA's reported 101 employees, and received an average PPP loan of $81,518, 96% lower than this company's loan of $1.84M.
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Footnotes & Information
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