PPP Loan Data — Greenblum & Bernstein, Plc, Reston, VA
Greenblum & Bernstein, Plc is a limited liability company (LLC) located at 1950 Roland Clarke Place in Reston, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,677,410.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Manufacturers and Traders Trust Company
Greenblum & Bernstein, Plc in Reston, VA received a Paycheck Protection Loan of $1.68M through Manufacturers and Traders Trust Company, 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based 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, Greenblum & Bernstein, Plc's 2019 payroll expenses are estimated to be at least $8.05M.
Based on their reported 100 jobs retained, this equals an estimated average yearly compensation of $80,516 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greenblum & Bernstein, Plc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,470,010
- Rent: $168,000
- Health Care: $39,000
- Debt Interest: $400
Business Information - Greenblum & Bernstein, Plc in Reston, VA
1950 Roland Clarke Place
Reston, VA 20191
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Reston
In the Reston area, 52 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 100) and received an average PPP loan of $191,632 (compared to this company's $1.68M).
Similar Nearby Businesses Who Received PPP Funding:
Buonassissi Henning & Lash PC
Goel & Anderson
Law Office Of Christopher G Findlater
Odin Feldman Pittleman, PC
Hirsch & Ehlenberger, PC
David Brody & Dondershine LLP
Charlson Bredehoft Cohen & Brown, PC
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, 94% lower than Greenblum & Bernstein, Plc's reported 100 employees, and received an average PPP loan of $81,518, 95% lower than this company's loan of $1.68M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!