PPP Loan Data — James E Albertelli, PA, Tampa, FL
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
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.
Business Information - James E Albertelli, PA in Tampa, FL
5404 Cypress Center Dr.
Tampa, FL 33609
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Sapanara & Wyman PA
Neil S Schecht, PA
Pepe & Associates, Inc.
Henry Lee Paul, PA
Samuel Stuart Mehring, Jr.
Buell & Elligett, PA
Jeffrey M Rich PA
Moore Bowman & Reese PA
W Dale Gabbard Esquire PA
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.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!