PPP Loan Data — Dreyer Law Group PC, Newnan, GA
Dreyer Law Group PC is a corporation located at 10 Bullsboro Dr in Newnan, Georgia that received a Coronavirus-related PPP loan from the SBA of $24,984.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Dreyer Law Group PC in Newnan, GA received a Paycheck Protection Loan of $24,984 through Bank of America, National Association, which was approved in May, 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, Dreyer Law Group PC's 2019 payroll expenses are estimated to be at least $119,923.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $29,981 per employee1
Reported PPP Proceed Usage:
On the PPP application, Dreyer Law Group PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,984
Business Information - Dreyer Law Group PC in Newnan, GA
10 Bullsboro Dr
Newnan, GA 30263
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Newnan
In the Newnan area, 44 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 4) and received an average PPP loan of $49,963 (compared to this company's $24,984).
Similar Nearby Businesses Who Received PPP Funding:
Thompson Wallin & Cunningham LLC
Wood, Odom & Edge PA
Graylin Ward Atty At Law
Rufus Smith, Jr., Trial Attorney, PC
David Taylor Attorney At Law LLC
Law Office Of Danielle Sewell
H. Brooks Cotten PC
Donaghue & Chandler 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, 50% higher than Dreyer Law Group PC's reported 4 employees, and received an average PPP loan of $81,518, 226% higher than this company's loan of $24,984.
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Footnotes & Information
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