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PPP Loan Data — Gordon Mckernan Injury Attorneys LLC,
Baton Rouge, LA
Gordon Mckernan Injury Attorneys LLC
Entity: Limited Liability Company (LLC)
Industry: All Other Legal Services
Location: Baton Rouge, LA
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Gordon Mckernan Injury Attorneys LLC is a limited liability company (LLC) located at 5656 Hilton Ave in Baton Rouge, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least 168 people during the applicable loan loan period.
$
PPP Loan Information
Loan #4043438402
Loan Size:
Jobs Retained:
168Loan Approved:
2021-02-05Loan Status:
Ongoing LoanLender:
Investar Bank, National AssociationGordon Mckernan Injury Attorneys LLC in Baton Rouge, LA received a Paycheck Protection Loan of $2M through Investar Bank, National Association, 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.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Gordon Mckernan Injury Attorneys LLC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 168 jobs retained, this equals an estimated average yearly compensation of $57,143 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gordon Mckernan Injury Attorneys LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,997
- Utilities: $1
Business Information - Gordon Mckernan Injury Attorneys LLC in Baton Rouge, LA
5656 Hilton Ave
Baton Rouge, LA 70808
Business Industry:
All Other Legal Services
NAICS code 541199
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Baton Rouge
In the Baton Rouge area, 17 businesses in the "All Other Legal Services" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 168) and received an average PPP loan of $139,536 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Rebecca Cunard
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Industry PPP Comparison Statistics
Nationwide, 17,592 businesses in the "All Other Legal Services" industry received a total of $856.01M 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, 98% lower than Gordon Mckernan Injury Attorneys LLC's reported 168 employees, and received an average PPP loan of $48,659, 98% lower than this company's loan of $2M.
Gordon Mckernan Injury Attorneys LLC
Entity: Limited Liability Company (LLC)
Industry: Offices of Lawyers
Location: Baton Rouge, LA
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Gordon Mckernan Injury Attorneys LLC is a limited liability company (LLC) located at 5656 Hilton Ave in Baton Rouge, Louisiana that received a Coronavirus-related PPP loan from the SBA of $2,535,219.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 202 people during the applicable loan loan period.
$
PPP Loan Information
Loan #9258527006
Loan Size:
Jobs Retained:
202Loan Approved:
2020-04-09Loan Status:
Paid in Full or ForgivenLender:
Investar Bank, National AssociationGordon Mckernan Injury Attorneys LLC in Baton Rouge, LA received a Paycheck Protection Loan of $2.54M through Investar Bank, National Association, 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 July, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Gordon Mckernan Injury Attorneys LLC's 2019 payroll expenses are estimated to be at least $12.17M.
Based on their reported 202 jobs retained, this equals an estimated average yearly compensation of $60,243 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gordon Mckernan Injury Attorneys LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,535,219
Business Information - Gordon Mckernan Injury Attorneys LLC in Baton Rouge, LA
5656 Hilton Ave
Baton Rouge, LA 70808
Business Industry:
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Baton Rouge
In the Baton Rouge area, 221 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 202) and received an average PPP loan of $82,417 (compared to this company's $2.54M).
Similar Nearby Businesses Who Received PPP Funding:
Hester Law Firm LLC
Baton Rouge, LA
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Baton Rouge, LA
Pourciau Law Firm LLC
Baton Rouge, LA
Vilas Law Firm, Aplc
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Roy, Kiesel, Ford, Doody & North, Aplc
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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, 97% lower than Gordon Mckernan Injury Attorneys LLC's reported 202 employees, and received an average PPP loan of $81,669, 97% lower than this company's loan of $2.54M.
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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