PPP Loan Data — Dean Dorton Allen Ford PLLC, Lexington, KY
Dean Dorton Allen Ford PLLC is a corporation located at 250 W Main St Ste 1400 in Lexington, Kentucky that received a Coronavirus-related PPP loan from the SBA of $4,294,400.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Dean Dorton Allen Ford PLLC in Lexington, KY received a Paycheck Protection Loan of $4.29M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Dean Dorton Allen Ford PLLC's total 2019 payroll expenses were approximately $20.61M in order to qualify for the PPP loan amount received.
Based on their reported 262 jobs retained, this equals an estimated average yearly compensation of $78,676 per employee1.
Business Information - Dean Dorton Allen Ford PLLC in Lexington, KY
250 W Main St Ste 1400
Lexington, KY 40507
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: KY-06
Similar Companies near Lexington
In the Lexington area, 10 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 262) and received an average PPP loan of $554,646 (compared to this company's $4.29M).
Similar Nearby Businesses Who Received PPP Funding:
Besten & Dieruf, PLLC
Calvin D Cranfield, Psc
SKW CPAS & Advisors PLLC
Enderle & Romans, PLLC
Hisle & Co CPAS
Executive Associates, Inc
Kring Ray Farley & Riddle, Psc
Studio 88 LLC
RFH Associates, Psc
Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 98% lower than Dean Dorton Allen Ford PLLC's reported 262 employees, and received an average PPP loan of $88,968, 98% lower than this company's loan of $4.29M.
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.
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.
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