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PPP Loan Data — Jeffrey Flynn PC,
Atlanta, GA
Jeffrey Flynn PC
Entity: Subchapter S Corporation
Industry: Offices of Lawyers
Location: Atlanta, GA
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Jeffrey Flynn PC is a subchapter s corporation located at 1447 Peachtree St Ne Ste 320 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $77,267.00 in March, 2021.
$
PPP Loan Information
Loan #8423258505
Loan Size:
Jobs Retained:
6Loan Approved:
2021-03-09Loan Status:
Paid in Full or ForgivenLender:
Truist BankJeffrey Flynn PC in Atlanta, GA received a Paycheck Protection Loan of $77,267 through Truist Bank, which was approved in March, 2021.
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 November, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Jeffrey Flynn PC's 2019 payroll expenses are estimated to be at least $370,882.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $61,814 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jeffrey Flynn PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $77,266
Business Information - Jeffrey Flynn PC in Atlanta, GA
1447 Peachtree St Ne Ste 320
Atlanta, GA 30309
Business Industry:
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 271 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 6) and received an average PPP loan of $168,053 (compared to this company's $77,267).
Similar Nearby Businesses Who Received PPP Funding:
Justin W Chaney LLC
Atlanta, GA
Rafi Law Firm LLC
Atlanta, GA
Poirier Law Firm
Atlanta, GA
Brannen Legal LLC
Atlanta, GA
Shamp Jordan Woodward, LLC
Atlanta, GA
Zachary M Eastman
Atlanta, GA
Steven K. Weiner Attorney At Law
Atlanta, GA
Richardson Bloom & Lines LLC
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 200,503 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, the same amount reported by Jeffrey Flynn PC and received an average PPP loan of $81,670, 6% higher than this company's loan of $77,267.
Jeffrey Flynn PC
Entity: Subchapter S Corporation
Industry: Professional Organizations
Location: Atlanta, GA
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Jeffrey Flynn PC is a subchapter s corporation located at 1447 Peachtree Street Ne, Suite 320 in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $77,600.00 in April, 2020.
$
PPP Loan Information
Loan #5848217107
Loan Size:
Jobs Retained:
6Loan Approved:
2020-04-14Loan Status:
Paid in Full or ForgivenLender:
Truist BankJeffrey Flynn PC in Atlanta, GA received a Paycheck Protection Loan of $77,600 through Truist 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 March, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Jeffrey Flynn PC's 2019 payroll expenses are estimated to be at least $372,480.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $62,080 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jeffrey Flynn PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $77,600
Business Information - Jeffrey Flynn PC in Atlanta, GA
1447 Peachtree Street Ne, Suite 320
Atlanta, GA 30309
Business Industry:
Professional Organizations
NAICS code 813920
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: N
HUBZone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 13 businesses in the "Professional Organizations" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 6) and received an average PPP loan of $116,003 (compared to this company's $77,600).
Similar Nearby Businesses Who Received PPP Funding:
Minorities In Agriculture Natural Resour
Atlanta, GA
Sheila Mckinley
Atlanta, GA
Georgia Chapter-American Academy Of Pediatrics
Atlanta, GA
National Black Mba Association Inc
Atlanta, GA
Conaway & Strickler, PC
Atlanta, GA
Gusto Peachtree, LLC
Atlanta, GA
Dante Merrell Foundation Inc
Atlanta, GA
Association For Clinical Pastoral Education Inc
Atlanta, GA
Industry PPP Comparison Statistics
Nationwide, 9,453 businesses in the "Professional Organizations" industry received a total of $902.32M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 8 employees, 33% higher than Jeffrey Flynn PC's reported 6 employees, and received an average PPP loan of $95,453, 23% higher than this company's loan of $77,600.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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