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PPP Loan Data — Flanagan Law Firm, LLC, Des Moines, IA

SBA PPP loan data, payroll data, and salaries for Flanagan Law Firm, LLC
IA

Flanagan Law Firm, LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Lawyers

Location: Des Moines, IA

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Flanagan Law Firm, LLC is a limited liability company (LLC) located at 108 3rd St Ste 300 in Des Moines, Iowa that received a Coronavirus-related PPP loan from the SBA of $80,032.00 in April, 2020.

The company has reported itself as a White female owned business, and employed at least seven people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$80,032

Jobs Retained:

7

Loan Approved:

2020-04-08

Lender:

LINCOLN SAVINGS BANK

Flanagan Law Firm, LLC received a Paycheck Protection Loan of $80,032 through LINCOLN SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Flanagan Law Firm, LLC's total 2019 payroll expenses were approximately $384,154 in order to qualify for the PPP loan amount received.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $54,879 per employee1.

Business Information - Flanagan Law Firm, LLC in Des Moines, IA

Flanagan Law Firm, LLC
108 3rd St Ste 300
Des Moines, IA 50309

Business Industry

Offices of Lawyers (NAICS code 541110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: FEMALE OWNED

Veteran Status: NON-VETERAN

Congressional District: IA-03

Similar Companies near Des Moines

In the Des Moines area, 62 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 7) and received an average PPP loan of $317,090 (compared to this company's $80,032).

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, 14% lower than Flanagan Law Firm, LLC's reported 7 employees, and received an average PPP loan of $94,010, 17% higher than this company's loan of $80,032.

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.

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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/flanagan-law-firm-llc-des-moines-ia