PPP Loan Data — Garrett Law Group, Plc, Norfolk, VA
Garrett Law Group, Plc is a limited liability company (LLC) located in Norfolk, Virginia that received a Coronavirus-related PPP loan from the SBA of $18,562.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Garrett Law Group, Plc in Norfolk, VA received a Paycheck Protection Loan of $18,562 through Bank of America, National Association, which was approved in May, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
Reported PPP Proceed Usage:
On the PPP application, Garrett Law Group, Plc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,562
Business Information - Garrett Law Group, Plc in Norfolk, VA
* Full address is redacted to protect the privacy of individuals.
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 5 other businesses that received a PPP loan registered to the same address as Garrett Law Group, Plc.
Outpatient Mental Health and Substance Abuse Centers
Tax Preparation Services
Offices of Lawyers
Valor Capital Holdings LLC
Special Needs Transportation
Systems Engineering Services
Data Processing, Hosting, and Related Services
Similar Companies near Norfolk
In the Norfolk area, 88 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 1) and received an average PPP loan of $209,378 (compared to this company's $18,562).
Similar Nearby Businesses Who Received PPP Funding:
The Law Office Of Emily Mapp Brannon
Rice & Gregg, Inc
Kaufman & Canoles, PC
Liberatore Deboer PC
Swartz Taliaferro Swartz & Goodove PC
The Law Firm Of Waldo & Lyle, A Professional Corporation
Sacks & Sacks PC
Eastern Virginia Law Group PLLC
Montagna Klein Camden LLP
Industry PPP Comparison Statistics
Nationwide, 200,507 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, 500% higher than Garrett Law Group, Plc's reported 1 employees, and received an average PPP loan of $81,669, 340% higher than this company's loan of $18,562.
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.
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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