PPP Loan Data — Keith T. Whiddon, Attorney At Law, LLC, Monroe, LA
Keith T. Whiddon, Attorney At Law, LLC is a corporation located at 101 Wood St in Monroe, Louisiana that received a Coronavirus-related PPP loan from the SBA of $25,378.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Loan Source Incorporated
Keith T. Whiddon, Attorney At Law, LLC in Monroe, LA received a Paycheck Protection Loan of $25,378 through Loan Source Incorporated, 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, Keith T. Whiddon, Attorney At Law, LLC's 2019 payroll expenses are estimated to be at least $121,814.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,363 per employee1
Reported PPP Proceed Usage:
On the PPP application, Keith T. Whiddon, Attorney At Law, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,378
Business Information - Keith T. Whiddon, Attorney At Law, LLC in Monroe, LA
101 Wood St
Monroe, LA 71201
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Monroe
In the Monroe area, 144 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 5) and received an average PPP loan of $56,306 (compared to this company's $25,378).
Similar Nearby Businesses Who Received PPP Funding:
Paul Loy Hurd, A Professional Law Corporation
Campbell, House, & Company LLC
S. Hutton Banks
Michael L. Dubos A Professional Law Corporation
Bobby Manning Attorney At Law A Professional Law Corporation
Joseph H Lebeau Plc
Jimmie R. Herron
Newman, Oliveaux & Magee, LLP
Amado Leija Enterprises LLC
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, 20% higher than Keith T. Whiddon, Attorney At Law, LLC's reported 5 employees, and received an average PPP loan of $81,518, 221% higher than this company's loan of $25,378.
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Footnotes & Information
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