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PPP Loan Data — HMS Schafer Group, LLC, Metairie, LA

SBA PPP loan data, payroll data, and salaries for HMS Schafer Group, LLC
LA

HMS Schafer Group, LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Certified Public Accountants

Location: Metairie, LA

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HMS Schafer Group, LLC is a limited liability company (LLC) located at 701 Aurora Ave in Metairie, Louisiana that received a Coronavirus-related PPP loan from the SBA of $203,024.00 in April, 2020.

The company has reported itself as a male owned business.

$ PPP Loan Information

Loan Size:

$203,024

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-11

Lender:

CITIZENS BANK & TRUST COMPANY

HMS Schafer Group, LLC received a Paycheck Protection Loan of $203,024 through CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, HMS Schafer Group, LLC's total 2019 payroll expenses were approximately $974,515 in order to qualify for the PPP loan amount received.

Unlike most businesses, HMS Schafer Group, LLC's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Business Information - HMS Schafer Group, LLC in Metairie, LA

HMS Schafer Group, LLC
701 Aurora Ave
Metairie, LA 70005

Business Industry

Offices of Certified Public Accountants (NAICS code 541211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: LA-01

Similar Companies near Metairie

In the Metairie area, 29 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 0) and received an average PPP loan of $248,379 (compared to this company's $203,024).

Industry PPP Comparison Statistics

Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, and received an average PPP loan of $88,968, 56% lower than this company's loan of $203,024.

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/hms-schafer-group-llc-metairie-la