PPP Loan Data — Lacey & Lyons, PLLC, Melbourne, FL
Lacey & Lyons, PLLC is a partnership located at 1901 Harbor City Blvd Ste 505 in Melbourne, Florida that received a Coronavirus-related PPP loan from the SBA of $46,390.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Seacoast National Bank
Lacey & Lyons, PLLC in Melbourne, FL received a Paycheck Protection Loan of $46,390 through Seacoast National Bank, which was approved in July, 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, Lacey & Lyons, PLLC's 2019 payroll expenses are estimated to be at least $222,672.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,224 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lacey & Lyons, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,390
Business Information - Lacey & Lyons, PLLC in Melbourne, FL
1901 Harbor City Blvd Ste 505
Melbourne, FL 32901
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Melbourne
In the Melbourne area, 47 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $59,822 (compared to this company's $46,390).
Similar Nearby Businesses Who Received PPP Funding:
Carmine D Gigliotti PA
Morgan & Barbary P A
Smith & Associates Of Tallahassee PA
J. Patrick Anderson PLLC
Kimberli L. Trader PA
Amy B. Van Fossen, PA
Express L C Services, Inc
Claudia T. Pastorius PA
Reed C. Cary, 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 Lacey & Lyons, PLLC's reported 3 employees, and received an average PPP loan of $81,518, 76% higher than this company's loan of $46,390.
FederalPay's PPP Information Policy
Footnotes & Information
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