PPP Loan Data — James Bates Brannan Groover LLP, Macon, GA
James Bates Brannan Groover LLP is a limited liability partnership located at 231 Riverside Dr in Macon, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,077,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:United Community Bank
James Bates Brannan Groover LLP in Macon, GA received a Paycheck Protection Loan of $2.08M through United Community 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 May, 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, James Bates Brannan Groover LLP's 2019 payroll expenses are estimated to be at least $9.97M.
Based on their reported 110 jobs retained, this equals an estimated average yearly compensation of $90,668 per employee1
Reported PPP Proceed Usage:
On the PPP application, James Bates Brannan Groover LLP reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,077,800
Business Information - James Bates Brannan Groover LLP in Macon, GA
231 Riverside Dr
Macon, GA 31201
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Macon
In the Macon area, 76 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 110) and received an average PPP loan of $105,905 (compared to this company's $2.08M).
Similar Nearby Businesses Who Received PPP Funding:
Hogue Hogue Fitzgerald & Griffin LLP
Stone & Baxter, LLP
Seekie Law Firm
W. Kerry Howell, LLC
Lori C. Obenauf, LLC
The Law Office Of Kyle Krejci LLC
Adams, Hemingway, Wilson & Rutledge, LLC
Gautreaux Law. 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, 95% lower than James Bates Brannan Groover LLP's reported 110 employees, and received an average PPP loan of $81,518, 96% lower than this company's loan of $2.08M.
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Footnotes & Information
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