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PPP Loan Data — James E Albertelli, PA, Tampa, FL

SBA PPP loan data, payroll data, and salaries for James E Albertelli, PA
FL

James E Albertelli, PA

Entity: Professional Association

Industry: Offices of Lawyers

Location: Tampa, FL

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James E Albertelli, PA is a professional association located at 5404 Cypress Center Dr. in Tampa, Florida that received a Coronavirus-related PPP loan from the SBA of $3,029,849.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.03M

Jobs Retained:

242

Loan Approved:

2020-04-10

Lender:

VALLEY NATIONAL BANK

James E Albertelli, PA in Tampa, FL received a Paycheck Protection Loan of $3.03M through VALLEY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, James E Albertelli, PA's total 2019 payroll expenses were approximately $14.54M in order to qualify for the PPP loan amount received.

Based on their reported 242 jobs retained, this equals an estimated average yearly compensation of $60,096 per employee1.

Because the loan received by James E Albertelli, PA is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - James E Albertelli, PA in Tampa, FL

James E Albertelli, PA
5404 Cypress Center Dr.
Tampa, FL 33609

Business Industry

Offices of Lawyers (NAICS code 541110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: FL-14

Similar Companies near Tampa

In the Tampa area, 107 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 242) and received an average PPP loan of $104,546 (compared to this company's $3.03M).

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 James E Albertelli, PA's reported 242 employees, and received an average PPP loan of $94,010, 97% lower than this company's loan of $3.03M.

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, and is published unmodified, as provided by the SBA.

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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/james-e-albertelli-pa-tampa-fl