PPP Loan Data — Kerber, Eck & Braekel LLP, Springfield, IL
Kerber, Eck & Braekel LLP is a limited liability partnership located at 3200 Robbins Rd Ste 200a in Springfield, Illinois that received a Coronavirus-related PPP loan from the SBA of $2,718,195.00 in April, 2020.
$ PPP Loan Information
Lender:UNITED COMMUNITY BANK
Kerber, Eck & Braekel LLP received a Paycheck Protection Loan of $2.72M through UNITED COMMUNITY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Kerber, Eck & Braekel LLP's total 2019 payroll expenses were approximately $13.05M in order to qualify for the PPP loan amount received.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $72,085 per employee1.
Business Information - Kerber, Eck & Braekel LLP in Springfield, IL
3200 Robbins Rd Ste 200a
Springfield, IL 62704
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-18
Similar Companies near Springfield
In the Springfield area, 14 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 181) and received an average PPP loan of $232,201 (compared to this company's $2.72M).
Similar Nearby Businesses Who Received PPP Funding:
Cowan Epperson & Associates PC
David J Hensley CPA Inc
Wickersham & Johnson Inc
The Barkmeier Group
RW Hickman, PC
Dale E Dirks, CPA
Financial Keepers, LLC
Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 97% lower than Kerber, Eck & Braekel LLP's reported 181 employees, and received an average PPP loan of $88,968, 97% lower than this company's loan of $2.72M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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