PPP Loan Data — Farah And Farah, PA, Jacksonville, FL
Farah And Farah, PA is a subchapter s corporation located at 10 W. Adams St. in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $3,455,944.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 298 people during the applicable loan loan period.
$ PPP Loan Information
Lender:UNITED COMMUNITY BANK
Farah And Farah, PA in Jacksonville, FL received a Paycheck Protection Loan of $3.46M through UNITED COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Farah And Farah, PA's total 2019 payroll expenses were approximately $16.59M in order to qualify for the PPP loan amount received.
Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $55,666 per employee1.
Business Information - Farah And Farah, PA in Jacksonville, FL
10 W. Adams St.
Jacksonville, FL 32202
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: FL-05
Similar Companies near Jacksonville
In the Jacksonville area, 113 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 298) and received an average PPP loan of $182,947 (compared to this company's $3.46M).
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Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 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, 98% lower than Farah And Farah, PA's reported 298 employees, and received an average PPP loan of $94,010, 97% lower than this company's loan of $3.46M.
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.
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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