PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Gilbert T. Adams III PLLC, Beaumont, TX

ALERT: There are 2 PPP loans for a total of $50,000 in our database for businesses with the name "Gilbert T. Adams III PLLC" in Beaumont, TX. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Gilbert T. Adams III PLLC
TX

Gilbert T. Adams III PLLC

Entity: Limited Liability Company (LLC)

Industry: Legal Counsel and Prosecution

Location: Beaumont, TX

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Gilbert T. Adams III PLLC is a limited liability company (LLC) located in Beaumont, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in February, 2021.

$ PPP Loan Information
Loan #9051518405

Loan Size:

$25,000

Jobs Retained:

1

Loan Approved:

2021-02-14

Loan Status:

Ongoing Loan

Lender:

BBVA USA
Likely Employment Reduction3

Gilbert T. Adams III PLLC in Beaumont, TX received a Paycheck Protection Loan of $25,000 through BBVA USA, which was approved in February, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Gilbert T. Adams III PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,000

Business Information - Gilbert T. Adams III PLLC in Beaumont, TX

Gilbert T. Adams III PLLC
Beaumont, TX
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Legal Counsel and Prosecution
NAICS code 922130

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Jefferson County, TX — SBA Office 0671 — Congressional District: TX-14

Industry PPP Comparison Statistics

Nationwide, 9,119 businesses in the "Legal Counsel and Prosecution" industry received a total of $556.3M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 4 employees, 300% higher than Gilbert T. Adams III PLLC's reported 1 employees, and received an average PPP loan of $61,005, 144% higher than this company's loan of $25,000.

SBA PPP loan data, payroll data, and salaries for Gilbert T Adams III PLLC
TX

Gilbert T Adams III PLLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Lawyers

Location: Beaumont, TX

Search All PPP Data

Gilbert T Adams III PLLC is a limited liability company (LLC) located in Beaumont, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.

$ PPP Loan Information
Loan #6880267203

Loan Size:

$25,000

Jobs Retained:

1

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

BBVA USA
Likely Employment Reduction3

Gilbert T Adams III PLLC in Beaumont, TX received a Paycheck Protection Loan of $25,000 through BBVA USA, which was approved in April, 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 June, 2021.

The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.

The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Gilbert T Adams III PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $23,000
  • Utilities: $1,000
  • Rent: $1,000

Business Information - Gilbert T Adams III PLLC in Beaumont, TX

Gilbert T Adams III PLLC
Beaumont, TX
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: Y

Rural / Urban: Urban

Jefferson County, TX — SBA Office 0671 — Congressional District: TX-14

Similar Companies near Beaumont

In the Beaumont area, 93 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 1) and received an average PPP loan of $182,467 (compared to this company's $25,000).

Industry PPP Comparison Statistics

Nationwide, 200,895 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 Gilbert T Adams III PLLC's reported 1 employees, and received an average PPP loan of $81,518, 226% higher than this company's loan of $25,000.

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.

Search FederalPay's Full PPP Loan Database

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.

3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/gilbert-t-adams-iii-pllc-beaumont-tx