PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Fallon Bixby Cheng And Lee Inc, San Francisco, CA

ALERT: There are 2 PPP loans for a total of $236,900 in our database for businesses with the name "Fallon Bixby Cheng And Lee Inc" in San Francisco, CA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Fallon Bixby Cheng And Lee Inc
CA

Fallon Bixby Cheng And Lee Inc

Entity: Corporation

Industry: Offices of Lawyers

Location: San Francisco, CA

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Fallon Bixby Cheng And Lee Inc is a corporation located at 130 Battery St Ste 550 in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $116,500.00 in March, 2021.

The company has reported itself as an Asian male owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #8101248510

Loan Size:

$116,500

Jobs Retained:

7

Loan Approved:

2021-03-08

Loan Status:

Ongoing Loan

Lender:

Citibank, N.A.

Fallon Bixby Cheng And Lee Inc in San Francisco, CA received a Paycheck Protection Loan of $116,500 through Citibank, N.A., which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, Fallon Bixby Cheng And Lee Inc's 2019 payroll expenses are estimated to be at least $559,200.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $79,886 per employee1

Reported PPP Proceed Usage:

On the PPP application, Fallon Bixby Cheng And Lee Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $116,499

Business Information - Fallon Bixby Cheng And Lee Inc in San Francisco, CA

Fallon Bixby Cheng And Lee Inc
130 Battery St Ste 550
San Francisco, CA 94111

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

San Francisco County, CA — SBA Office 0912 — Congressional District: CA-12

Similar Companies near San Francisco

In the San Francisco area, 286 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 7) and received an average PPP loan of $176,029 (compared to this company's $116,500).

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, 14% lower than Fallon Bixby Cheng And Lee Inc's reported 7 employees, and received an average PPP loan of $81,518, 30% lower than this company's loan of $116,500.

SBA PPP loan data, payroll data, and salaries for Fallon, Bixby, Cheng And Lee, Inc
CA

Fallon, Bixby, Cheng And Lee, Inc

Entity: Corporation

Industry: All Other Legal Services

Location: San Francisco, CA

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Fallon, Bixby, Cheng And Lee, Inc is a corporation located at 130 Battery Street 550 in San Francisco, California that received a Coronavirus-related PPP loan from the SBA of $120,400.00 in April, 2020.

The company has reported itself as an Asian male owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information
Loan #7002057102

Loan Size:

$120,400

Jobs Retained:

7

Loan Approved:

2020-04-14

Loan Status:

Ongoing Loan

Lender:

Citibank, N.A.

Fallon, Bixby, Cheng And Lee, Inc in San Francisco, CA received a Paycheck Protection Loan of $120,400 through Citibank, N.A., which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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 More
Understanding 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 More

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, Fallon, Bixby, Cheng And Lee, Inc's 2019 payroll expenses are estimated to be at least $577,920.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $82,560 per employee1

Reported PPP Proceed Usage:

On the PPP application, Fallon, Bixby, Cheng And Lee, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $120,400

Business Information - Fallon, Bixby, Cheng And Lee, Inc in San Francisco, CA

Fallon, Bixby, Cheng And Lee, Inc
130 Battery Street 550
San Francisco, CA 94111

Business Industry:
All Other Legal Services
NAICS code 541199

Business Owner Demographics

Race: Asian

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

San Francisco County, CA — SBA Office 0912 — Congressional District: CA-12

Similar Companies near San Francisco

In the San Francisco area, 14 businesses in the "All Other Legal Services" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 7) and received an average PPP loan of $343,672 (compared to this company's $120,400).

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, 43% lower than Fallon, Bixby, Cheng And Lee, Inc's reported 7 employees, and received an average PPP loan of $48,129, 60% lower than this company's loan of $120,400.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/fallon-bixby-cheng-and-lee-inc-san-francisco-ca