PPP Loan Data — Judith A Otto, LTD, Reno, NV
Judith A Otto, LTD is a subchapter s corporation located at 3748 Lakeside Dr #102 in Reno, Nevada that received a Coronavirus-related PPP loan from the SBA of $46,200.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Judith A Otto, LTD in Reno, NV received a Paycheck Protection Loan of $46,200 through Meadows 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, Judith A Otto, LTD's 2019 payroll expenses are estimated to be at least $221,760.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,960 per employee1
Reported PPP Proceed Usage:
On the PPP application, Judith A Otto, LTD reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $36,900
- Utilities: $400
- Rent: $3,500
- Health Care: $5,400
Business Information - Judith A Otto, LTD in Reno, NV
3748 Lakeside Dr #102
Reno, NV 89509
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 Reno
In the Reno area, 74 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $58,308 (compared to this company's $46,200).
Similar Nearby Businesses Who Received PPP Funding:
Carlson & Work LLC
Mcmahon Law Offices LTD
Thomas C Bradley
Whitney & Whitney Inc
Law Office Of Thomas Papez
Law Offices Of Jack R Hanifan, A Profess
Jessica M Maupin
Robert Kilby ESQ. PC
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, the same amount reported by Judith A Otto, LTD and received an average PPP loan of $81,518, 76% higher than this company's loan of $46,200.
FederalPay's PPP Information Policy
Footnotes & Information
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