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PPP Loan Data — Dean Dorton Allen Ford PLLC, Lexington, KY

SBA PPP loan data, payroll data, and salaries for Dean Dorton Allen Ford PLLC
KY

Dean Dorton Allen Ford PLLC

Entity: Corporation

Industry: Offices of Certified Public Accountants

Location: Lexington, KY

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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

Loan Size:

$4.29M

Jobs Retained:

262

Loan Approved:

2020-04-07

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.

Because the loan received by Dean Dorton Allen Ford PLLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Dean Dorton Allen Ford PLLC in Lexington, KY

Dean Dorton Allen Ford PLLC
250 W Main St Ste 1400
Lexington, KY 40507

Business Industry

Offices of Certified Public Accountants (NAICS code 541211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/dean-dorton-allen-ford-pllc-lexington-ky