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PPP Loan Data — Howard & Howard Attorneys, PLLC,
Royal Oak, MI
Howard & Howard Attorneys, PLLC
Entity: Partnership
Industry: Offices of Lawyers
Location: Royal Oak, MI
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Howard & Howard Attorneys, PLLC is a partnership located at 450 W 4th St in Royal Oak, Michigan that received a Coronavirus-related PPP loan from the SBA of $5,415,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
303Loan Approved:
2020-04-08Lender:
BMO HARRIS BANK NATIONAL ASSOCIATIONHoward & Howard Attorneys, PLLC received a Paycheck Protection Loan of $5.42M through BMO HARRIS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Howard & Howard Attorneys, PLLC's total 2019 payroll expenses were approximately $25.99M in order to qualify for the PPP loan amount received.
Based on their reported 303 jobs retained, this equals an estimated average yearly compensation of $85,782 per employee1.
Business Information - Howard & Howard Attorneys, PLLC in Royal Oak, MI
450 W 4th St
Royal Oak, MI 48067
Business Industry
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-09Similar Companies near Royal Oak
In the Royal Oak area, 59 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 303) and received an average PPP loan of $161,554 (compared to this company's $5.42M).
Similar Nearby Businesses Who Received PPP Funding:
Seward Henderson PLLC
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Einheuser & Nakisher, PLLC
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Garian & Garian
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Barton W Morris, Jr, PC
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Legal Data Systems Inc
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Berkley Mengel , Plc
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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, 98% lower than Howard & Howard Attorneys, PLLC's reported 303 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $5.42M.
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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