PPP Loan Data — James L Moore Attorney At Law, Kentwood, MI
James L Moore Attorney At Law is a corporation located at 4595 Broadmoor Avenue Se in Kentwood, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
James L Moore Attorney At Law in Kentwood, MI received a Paycheck Protection Loan of $25,000 through PNC Bank, National Association, which was approved in May, 2020.
This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.
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 L Moore Attorney At Law's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, James L Moore Attorney At Law reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - James L Moore Attorney At Law in Kentwood, MI
4595 Broadmoor Avenue Se
Kentwood, MI 49512
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than James L Moore Attorney At Law's reported 3 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
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