PPP Loan Data — Kerkering Barberio & Co, Sarasota, FL
Kerkering Barberio & Co is a corporation located at 1990 Main Street Suite 801 in Sarasota, Florida that received a Coronavirus-related PPP loan from the SBA of $2,037,000.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Home Bank
Kerkering Barberio & Co in Sarasota, FL received a Paycheck Protection Loan of $2.04M through First Home 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, Kerkering Barberio & Co's 2019 payroll expenses are estimated to be at least $9.78M.
Based on their reported 137 jobs retained, this equals an estimated average yearly compensation of $71,369 per employee1
Reported PPP Proceed Usage:
On the PPP application, Kerkering Barberio & Co reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,037,000
Business Information - Kerkering Barberio & Co in Sarasota, FL
1990 Main Street Suite 801
Sarasota, FL 34236
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Sarasota
In the Sarasota area, 30 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 137) and received an average PPP loan of $133,425 (compared to this company's $2.04M).
Similar Nearby Businesses Who Received PPP Funding:
Pellegrino & Mcfarland PA
Thomas A. Menchinger CPA, LLC
Flanagan & Jason, Inc
Richard J Bero CPA PA
Cavanaugh & Co, LLP
JPC International Tax Advisors PA
Susan J Keeton CPA PA
Plum Company CPAs PA
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 96% lower than Kerkering Barberio & Co's reported 137 employees, and received an average PPP loan of $73,772, 96% lower than this company's loan of $2.04M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!