PPP Loan Data — Jeffrey R Griffith DBA Griffith Law Office, Mc Arthur, OH
Jeffrey R Griffith DBA Griffith Law Office is a self-employed individual located at 116 W. Main St in Mc Arthur, Ohio that received a Coronavirus-related PPP loan from the SBA of $24,817.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Vinton County National Bank
Jeffrey R Griffith DBA Griffith Law Office in Mc Arthur, OH received a Paycheck Protection Loan of $24,817 through The Vinton County National 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, Jeffrey R Griffith DBA Griffith Law Office's 2019 payroll expenses are estimated to be at least $119,122.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,017 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jeffrey R Griffith DBA Griffith Law Office reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $19,853
- Utilities: $4,964
Business Information - Jeffrey R Griffith DBA Griffith Law Office in Mc Arthur, OH
116 W. Main St
Mc Arthur, OH 45651
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: Rural
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, 14% lower than Jeffrey R Griffith DBA Griffith Law Office's reported 7 employees, and received an average PPP loan of $81,518, 228% higher than this company's loan of $24,817.
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Footnotes & Information
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