PPP Loan Data — Joseph Banasiak Attorney At Law, Highland, IN
Joseph Banasiak Attorney At Law is a sole proprietorship located at 2546 45th Street in Highland, Indiana that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Joseph Banasiak Attorney At Law in Highland, IN received a Paycheck Protection Loan of $25,300 through Peoples 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 April, 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, Joseph Banasiak Attorney At Law's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Joseph Banasiak Attorney At Law reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Joseph Banasiak Attorney At Law in Highland, IN
2546 45th Street
Highland, IN 46322
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 Highland
In the Highland area, 46 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 2) and received an average PPP loan of $55,418 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Cleary Fowler Law Office LLC
Law Office Of David Gladish, PC
Ricardo B Casas Attorney At Law
Jonathan D. Petersen
James Rice DBA None
Thomas J. Scully III And Associates, LLC
The Law Offices Of Paul M. Namie, LLC
J Justin Murphy
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, 200% higher than Joseph Banasiak Attorney At Law's reported 2 employees, and received an average PPP loan of $81,518, 222% higher than this company's loan of $25,300.
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Footnotes & Information
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