PPP Loan Data — James Sawyer, Jericho, NY
James Sawyer is a sole proprietorship located at 390 N Broadway, Suite 200 in Jericho, New York that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
James Sawyer in Jericho, NY received a Paycheck Protection Loan of $25,000 through Signature Bank, which was approved in April, 2020.
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 Sawyer'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 Sawyer reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - James Sawyer in Jericho, NY
390 N Broadway, Suite 200
Jericho, NY 11753
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Jericho
In the Jericho area, 128 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $67,669 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
The Pollack Law Firm, PC
Law And Mediation Office Of Darren M. Sh Apiro, PC
Noel Blair DBA Blair & Associates
Michael B Wolkofsky Attorney At Law Attorney Iola Trust Acct
Seltzer Sussman Heitner LLP
Salvatore E. Benisatto PC
Donald J. King, Attorney At Law
Kings Park, NY
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, 100% higher than James Sawyer's reported 3 employees, and received an average PPP loan of $81,518, 226% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!