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PPP Loan Data — Habich Law Plc,
Phoenix, AZ
Habich Law Plc
Entity: Subchapter S Corporation
Industry: Offices of Lawyers
Location: Phoenix, AZ
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Habich Law Plc is a subchapter s corporation located at 2200 N Central Ave Ste 104 in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $24,466.00 in January, 2021.
The company has reported itself as a White female veteran owned business, and employed at least two people during the applicable loan loan period.
$ PPP Loan Information Loan #4219348306
Loan Size:
Jobs Retained:
2Loan Approved:
2021-01-23Loan Status:
Ongoing LoanLender:
U.S. Bank, National AssociationHabich Law Plc in Phoenix, AZ received a Paycheck Protection Loan of $24,466 through U.S. Bank, National Association, which was approved in January, 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, Habich Law Plc's 2019 payroll expenses are estimated to be at least $117,437.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $58,719 per employee1
Reported PPP Proceed Usage:
On the PPP application, Habich Law Plc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,463
- Utilities: $1
Business Information - Habich Law Plc in Phoenix, AZ
2200 N Central Ave Ste 104
Phoenix, AZ 85004
Business Industry:
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Phoenix
In the Phoenix area, 188 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 2) and received an average PPP loan of $216,032 (compared to this company's $24,466).
Similar Nearby Businesses Who Received PPP Funding:
Alcantar Law Firm, Plc
Phoenix, AZ
Feldman And Royle Attorneys At Law PLLC
Phoenix, AZ
Adams & Clark PC
Phoenix, AZ
Charles M. Wilmer, PC
Phoenix, AZ
Michael H Bate PC
Phoenix, AZ
The Law Offices Of David A. Black PLLC
Phoenix, AZ
Folks Hess PLLC
Phoenix, AZ
Kanu & Associates, P. C
Phoenix, AZ
Ybarra Maldonado & Alagha, PLLC
Phoenix, AZ
Industry PPP Comparison Statistics
Nationwide, 192,342 businesses in the "Offices of Lawyers" industry received a total of $16,007,114,402.00 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, 200% higher than Habich Law Plc's reported 2 employees, and received an average PPP loan of $83,222, 240% higher than this company's loan of $24,466.
Habich Law Plc
Entity: Subchapter S Corporation
Industry: Offices of Lawyers
Location: Phoenix, AZ
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Habich Law Plc is a subchapter s corporation located at 2200 Central Ave N in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $24,084.00 in April, 2020.
The company has reported itself as a White female veteran owned business, and employed at least two people during the applicable loan loan period.
$ PPP Loan Information Loan #6459067100
Loan Size:
Jobs Retained:
2Loan Approved:
2020-04-14Loan Status:
Ongoing LoanLender:
U.S. Bank, National AssociationHabich Law Plc in Phoenix, AZ received a Paycheck Protection Loan of $24,084 through U.S. Bank, National Association, which was approved in April, 2020.
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, Habich Law Plc's 2019 payroll expenses are estimated to be at least $115,603.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $57,802 per employee1
Reported PPP Proceed Usage:
On the PPP application, Habich Law Plc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,084
Business Information - Habich Law Plc in Phoenix, AZ
2200 Central Ave N
Phoenix, AZ 85004
Business Industry:
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Race: White
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Phoenix
In the Phoenix area, 188 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 2) and received an average PPP loan of $216,032 (compared to this company's $24,084).
Similar Nearby Businesses Who Received PPP Funding:
Alcantar Law Firm, Plc
Phoenix, AZ
Feldman And Royle Attorneys At Law PLLC
Phoenix, AZ
Adams & Clark PC
Phoenix, AZ
Charles M. Wilmer, PC
Phoenix, AZ
Michael H Bate PC
Phoenix, AZ
The Law Offices Of David A. Black PLLC
Phoenix, AZ
Folks Hess PLLC
Phoenix, AZ
Kanu & Associates, P. C
Phoenix, AZ
Ybarra Maldonado & Alagha, PLLC
Phoenix, AZ
Industry PPP Comparison Statistics
Nationwide, 192,342 businesses in the "Offices of Lawyers" industry received a total of $16,007,114,402.00 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, 200% higher than Habich Law Plc's reported 2 employees, and received an average PPP loan of $83,222, 246% higher than this company's loan of $24,084.
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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