PPP Loan Data — Hopping Green & Sams, Professional, Tallahassee, FL
Hopping Green & Sams, Professional is a corporation located at 119 S. Monroe St Suite 300 in Tallahassee, Florida that received a Coronavirus-related PPP loan from the SBA of $1,576,885.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Hopping Green & Sams, Professional in Tallahassee, FL received a Paycheck Protection Loan of $1.58M through Synovus Bank, 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 February, 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, Hopping Green & Sams, Professional's 2019 payroll expenses are estimated to be at least $7.57M.
Based on their reported 83 jobs retained, this equals an estimated average yearly compensation of $91,193 per employee1
Reported PPP Proceed Usage:
On the PPP application, Hopping Green & Sams, Professional reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,576,885
Business Information - Hopping Green & Sams, Professional in Tallahassee, FL
119 S. Monroe St Suite 300
Tallahassee, FL 32301
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 Tallahassee
In the Tallahassee area, 99 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 83) and received an average PPP loan of $127,453 (compared to this company's $1.58M).
Similar Nearby Businesses Who Received PPP Funding:
Sundstrom & Mindlin, LLP
HB Stivers LLC
Cherry Law Firm P L
The Knight Law Firm LLC
Ausley & Mcmullen, PA
Rutledge Ecenia & Purnell PA
Carruthers Law PLLC
Joshua D Zelman PA
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, 93% lower than Hopping Green & Sams, Professional's reported 83 employees, and received an average PPP loan of $81,518, 95% lower than this company's loan of $1.58M.
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Footnotes & Information
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