PPP Loan Data — Joseph I. Lipsky, PA, Fort Lauderdale, FL
Joseph I. Lipsky, PA is a corporation located at 8751 W. Broward Blvd., Suite 502 in Fort Lauderdale, Florida that received a Coronavirus-related PPP loan from the SBA of $46,500.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Horizon Bank
Joseph I. Lipsky, PA in Fort Lauderdale, FL received a Paycheck Protection Loan of $46,500 through First Horizon 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, Joseph I. Lipsky, PA's 2019 payroll expenses are estimated to be at least $223,200.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,400 per employee1
Reported PPP Proceed Usage:
On the PPP application, Joseph I. Lipsky, PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,500
Business Information - Joseph I. Lipsky, PA in Fort Lauderdale, FL
8751 W. Broward Blvd., Suite 502
Fort Lauderdale, FL 33324
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 Fort Lauderdale
In the Fort Lauderdale area, 217 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $110,107 (compared to this company's $46,500).
Similar Nearby Businesses Who Received PPP Funding:
Law Offices Of Kelley A. Joseph, PA
The Kleppin Firm PA
Eric L Berger PA
Lashawn Thomas At Law
The Pryor Law Group PA
Fort Lauderdale, FL
The Law Offices Of Deborah Pino PA
Bronstein & Carmona, PA
Fort Lauderdale, FL
The Law Offices Of Erik B Espinosa, PA
Aaron Behar, PA
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 Joseph I. Lipsky, PA's reported 3 employees, and received an average PPP loan of $81,518, 75% higher than this company's loan of $46,500.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!