PPP Loan Data — Jerry Martillotti And Associates, Philadelphia, PA
Jerry Martillotti And Associates is a subchapter s corporation located at 4221 Ridge Ave in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $25,100.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank, National Association
Jerry Martillotti And Associates in Philadelphia, PA received a Paycheck Protection Loan of $25,100 through Citizens Bank, National Association, which was approved in January, 2021.
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, Jerry Martillotti And Associates' 2019 payroll expenses are estimated to be at least $120,480.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Jerry Martillotti And Associates reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,099
Business Information - Jerry Martillotti And Associates in Philadelphia, PA
4221 Ridge Ave
Philadelphia, PA 19129
Legal Counsel and Prosecution
NAICS code 922130
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Philadelphia
In the Philadelphia area, 4 businesses in the "Legal Counsel and Prosecution" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 2) and received an average PPP loan of $17,800 (compared to this company's $25,100).
Similar Nearby Businesses Who Received PPP Funding:
Jerry Martillotti & Associates
Elizabeth Fischer, Attorney At Law
Industry PPP Comparison Statistics
Nationwide, 9,119 businesses in the "Legal Counsel and Prosecution" industry received a total of $556.3M 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 4 employees, 100% higher than Jerry Martillotti And Associates' reported 2 employees, and received an average PPP loan of $61,005, 143% higher than this company's loan of $25,100.
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Footnotes & Information
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