PPP Loan Data — John E Wall Jr Attorney At Law, Dallas, TX
John E Wall Jr Attorney At Law is a sole proprietorship located at 5728 Prospect Ave Ste 2001 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Veritex Community Bank
John E Wall Jr Attorney At Law in Dallas, TX received a Paycheck Protection Loan of $25,000 through Veritex Community Bank, which was approved in January, 2021.
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, John E Wall Jr 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, John E Wall Jr Attorney At Law reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,995
- Utilities: $1
Business Information - John E Wall Jr Attorney At Law in Dallas, TX
5728 Prospect Ave Ste 2001
Dallas, TX 75206
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Dallas
In the Dallas area, 281 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $64,017 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Ramirez & Associates PC
Andrew V Howard PC
The Law Offices Of Jonathan L. Howell, PLLC
The Livingston Law Firm, PC
Law Offices Of Martin J Rubin
The Wright Firm, LLP
The Benton Law Firm, PLLC
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 John E Wall Jr Attorney At Law's reported 3 employees, and received an average PPP loan of $81,518, 226% higher than this company's loan of $25,000.
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Footnotes & Information
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