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PPP Loan Data — J Michael Mills Attorney At Law, New Bern, NC

SBA PPP loan data, payroll data, and salaries for J Michael Mills Attorney At Law
NC

J Michael Mills Attorney At Law

Entity: Sole Proprietorship

Industry: Offices of Lawyers

Location: New Bern, NC

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J Michael Mills Attorney At Law is a sole proprietorship located in New Bern, North Carolina that received a Coronavirus-related PPP loan from the SBA of $36,906.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$36,906

Jobs Retained:

0 Unreported

Loan Approved:

2020-05-08

Lender:

WELLS FARGO BANK, NATIONAL ASSOCIATION

J Michael Mills Attorney At Law received a Paycheck Protection Loan of $36,906 through WELLS FARGO BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, J Michael Mills Attorney At Law's total 2019 payroll expenses were approximately $177,149 in order to qualify for the PPP loan amount received.

Unlike most businesses, J Michael Mills Attorney At Law'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 - J Michael Mills Attorney At Law in New Bern, NC

J Michael Mills Attorney At Law
[FULL ADDRESS REDACTED]
New Bern, NC

Business Industry

Offices of Lawyers (NAICS code 541110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NC-03

Similar Companies near New Bern

In the New Bern area, 11 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 23 employees (compared to this company's 0) and received an average PPP loan of $363,336 (compared to this company's $36,906).

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, and received an average PPP loan of $94,010, 155% higher than this company's loan of $36,906.

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.

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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/j-michael-mills-attorney-at-law-new-bern-nc