PPP Loan Data — Dillenbeck Law PC, Gastonia, NC
Dillenbeck Law PC is a subchapter s corporation located at 2856 Wimbledon Dr in Gastonia, North Carolina that received a Coronavirus-related PPP loan from the SBA of $46,222.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Truist Bank d/b/a Branch Banking & Trust Co
Dillenbeck Law PC in Gastonia, NC received a Paycheck Protection Loan of $46,222 through Truist Bank d/b/a Branch Banking & Trust Co, 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, Dillenbeck Law PC's 2019 payroll expenses are estimated to be at least $221,866.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,955 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dillenbeck Law PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,222
Business Information - Dillenbeck Law PC in Gastonia, NC
2856 Wimbledon Dr
Gastonia, NC 28056
All Other Legal Services
NAICS code 541199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 17,879 businesses in the "All Other Legal Services" industry received a total of $860.5M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 33% higher than Dillenbeck Law PC's reported 3 employees, and received an average PPP loan of $48,129, 4% higher than this company's loan of $46,222.
FederalPay's PPP Information Policy
Footnotes & Information
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