PPP Loan Data — Help Copeland Stair Kingma & Lovell LLP, Atlanta, GA
Help Copeland Stair Kingma & Lovell LLP is a limited liability partnership located at 191 Peachtree St Ne Ste 3600 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,565,820.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Help Copeland Stair Kingma & Lovell LLP received a Paycheck Protection Loan of $2.57M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Help Copeland Stair Kingma & Lovell LLP's total 2019 payroll expenses were approximately $12.32M in order to qualify for the PPP loan amount received.
Based on their reported 134 jobs retained, this equals an estimated average yearly compensation of $91,910 per employee1.
Business Information - Help Copeland Stair Kingma & Lovell LLP in Atlanta, GA
191 Peachtree St Ne Ste 3600
Atlanta, GA 30303
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-05
Similar Companies near Atlanta
In the Atlanta area, 97 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 134) and received an average PPP loan of $342,266 (compared to this company's $2.57M).
Similar Nearby Businesses Who Received PPP Funding:
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Charles R Bridgers Attorney LLC
Tevis Law Group LLC
Manettas Law LLC
Georgia Legal Services Program Inc
R Gary Spencer, PC
Rocky E Remson P C
ALI Awad Law
Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 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, 96% lower than Help Copeland Stair Kingma & Lovell LLP's reported 134 employees, and received an average PPP loan of $94,010, 96% lower than this company's loan of $2.57M.
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.
Footnotes & Information
1. 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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