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PPP Loan Data — Elia Law Firm APC,
San Diego, CA
Elia Law Firm APC
Entity: Subchapter S Corporation
Industry: Offices of Lawyers
Location: San Diego, CA
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Elia Law Firm APC is a subchapter s corporation located at 2221 Camino Del Rio S Ste 207 in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $95,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least six people during the applicable loan loan period.
$
PPP Loan Information
Loan #7044528302
Loan Size:
Jobs Retained:
6Loan Approved:
2021-01-27Loan Status:
Paid in Full or ForgivenLender:
First-Citizens Bank & Trust CompanyElia Law Firm APC in San Diego, CA received a Paycheck Protection Loan of $95,000 through First-Citizens Bank & Trust Company, which was approved in January, 2021.
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 November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Elia Law Firm APC's 2019 payroll expenses are estimated to be at least $456,000.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $76,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Elia Law Firm APC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $94,997
- Utilities: $1
Business Information - Elia Law Firm APC in San Diego, CA
2221 Camino Del Rio S Ste 207
San Diego, CA 92108
Business Industry:
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Elia Law Firm APC.
Quintin Shammam
Offices of Lawyers
Aljabi Law Firm, APC
Offices of Lawyers
Law Offices Of Aziz J. Asmar
Offices of Lawyers
Similar Companies near San Diego
In the San Diego area, 255 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 6) and received an average PPP loan of $89,029 (compared to this company's $95,000).
Similar Nearby Businesses Who Received PPP Funding:
Law Office Of Catherine White APC
San Diego, CA
SMS Law Group APC
San Diego, CA
Mara Law Firm PC
San Diego, CA
Matthew English
San Diego, CA
Law Offices Of Steve Kevin Marks Prof
San Diego, CA
Gappy & Verbick LLP
San Diego, CA
June Melin
San Diego, CA
Fitch Law Firm
San Diego, CA
Law Office Of Michael L Stuart APC
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 200,380 businesses in the "Offices of Lawyers" industry received a total of $16.35B 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, the same amount reported by Elia Law Firm APC and received an average PPP loan of $81,591, 14% lower than this company's loan of $95,000.
Elia Law Firm APC
Entity: Subchapter S Corporation
Industry: Offices of Lawyers
Location: San Diego, CA
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•
Search All PPP Data
Elia Law Firm APC is a subchapter s corporation located at 2221 Camino Del Rio S Ste 207 in San Diego, California that received a Coronavirus-related PPP loan from the SBA of $76,200.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
$
PPP Loan Information
Loan #2035537304
Loan Size:
Jobs Retained:
5Loan Approved:
2020-04-29Loan Status:
Paid in Full or ForgivenLender:
First-Citizens Bank & Trust CompanyElia Law Firm APC in San Diego, CA received a Paycheck Protection Loan of $76,200 through First-Citizens Bank & Trust Company, which was approved in April, 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 May, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Elia Law Firm APC's 2019 payroll expenses are estimated to be at least $365,760.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $73,152 per employee1
Reported PPP Proceed Usage:
On the PPP application, Elia Law Firm APC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $76,200
Business Information - Elia Law Firm APC in San Diego, CA
2221 Camino Del Rio S Ste 207
San Diego, CA 92108
Business Industry:
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Race: Unreported
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Demographics
Business Age: New Business or 2 years or less
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Elia Law Firm APC.
Quintin Shammam
Offices of Lawyers
Aljabi Law Firm, APC
Offices of Lawyers
Law Offices Of Aziz J. Asmar
Offices of Lawyers
Similar Companies near San Diego
In the San Diego area, 255 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 5) and received an average PPP loan of $89,029 (compared to this company's $76,200).
Similar Nearby Businesses Who Received PPP Funding:
Law Office Of Catherine White APC
San Diego, CA
SMS Law Group APC
San Diego, CA
Mara Law Firm PC
San Diego, CA
Matthew English
San Diego, CA
Law Offices Of Steve Kevin Marks Prof
San Diego, CA
Gappy & Verbick LLP
San Diego, CA
June Melin
San Diego, CA
Fitch Law Firm
San Diego, CA
Law Office Of Michael L Stuart APC
San Diego, CA
Industry PPP Comparison Statistics
Nationwide, 200,380 businesses in the "Offices of Lawyers" industry received a total of $16.35B 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, 20% higher than Elia Law Firm APC's reported 5 employees, and received an average PPP loan of $81,591, 7% higher than this company's loan of $76,200.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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