PPP Loan Data — Herbert A Thaler Jr, Baltimore, MD
Herbert A Thaler Jr is a sole proprietorship located at 201 N Charles Street Ste 2302 in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $46,046.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Herbert A Thaler Jr in Baltimore, MD received a Paycheck Protection Loan of $46,046 through Wells Fargo Bank, National Association, which was approved in May, 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.
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, Herbert A Thaler Jr's 2019 payroll expenses are estimated to be at least $221,021.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,628 per employee1
Reported PPP Proceed Usage:
On the PPP application, Herbert A Thaler Jr reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,046
Business Information - Herbert A Thaler Jr in Baltimore, MD
201 N Charles Street Ste 2302
Baltimore, MD 21201
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 Baltimore
In the Baltimore area, 308 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 8) and received an average PPP loan of $242,550 (compared to this company's $46,046).
Similar Nearby Businesses Who Received PPP Funding:
Law Offices Of Mark B Martin PA
Humphreys Mclaughlin & Mcaleer LLC
Seymour R Goldstein Attorney At Law
Miller Stern Lawyers, LLC
Law Office Of Randall J. Craig, Jr
The Carter Law Offices, LLC
Paul Michael Polansky PA
Niles, Barton And Wilmer, LLP
Mering & Schlitz, LLC
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, 25% lower than Herbert A Thaler Jr's reported 8 employees, and received an average PPP loan of $81,518, 77% higher than this company's loan of $46,046.
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Footnotes & Information
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