PPP Loan Data — Gallivan, White & Boyd, PA, Greenville, SC
Gallivan, White & Boyd, PA is a professional association located at 55 Beattie Place in Greenville, South Carolina that received a Coronavirus-related PPP loan from the SBA of $2,462,200.00 in April, 2020.
$ PPP Loan Information
Lender:UNITED COMMUNITY BANK
Gallivan, White & Boyd, PA received a Paycheck Protection Loan of $2.46M through UNITED COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gallivan, White & Boyd, PA's total 2019 payroll expenses were approximately $11.82M in order to qualify for the PPP loan amount received.
Based on their reported 150 jobs retained, this equals an estimated average yearly compensation of $78,790 per employee1.
Business Information - Gallivan, White & Boyd, PA in Greenville, SC
55 Beattie Place
Greenville, SC 29601
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: SC-04
Similar Companies near Greenville
In the Greenville area, 133 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 150) and received an average PPP loan of $84,818 (compared to this company's $2.46M).
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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, 96% lower than Gallivan, White & Boyd, PA's reported 150 employees, and received an average PPP loan of $94,010, 96% lower than this company's loan of $2.46M.
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, 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.
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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