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PPP Loan Data — Farah And Farah, PA, Jacksonville, FL

SBA PPP loan data, payroll data, and salaries for Farah And Farah, PA
FL

Farah And Farah, PA

Entity: Subchapter S Corporation

Industry: Offices of Lawyers

Location: Jacksonville, FL

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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

Loan Size:

$3.46M

Jobs Retained:

298

Loan Approved:

2020-04-14

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.

Because the loan received by Farah And Farah, PA is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Farah And Farah, PA in Jacksonville, FL

Farah And Farah, PA
10 W. Adams St.
Jacksonville, FL 32202

Business Industry

Offices of Lawyers (NAICS code 541110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional 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).

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/farah-and-farah-pa-jacksonville-fl