PPP Loan Data — Laporte, A Professional Accounting Corporation, Metairie, LA
Laporte, A Professional Accounting Corporation is a limited liability company (LLC) located at 111 Veterans Blvd., Suite 600 in Metairie, Louisiana that received a Coronavirus-related PPP loan from the SBA of $3,309,500.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Laporte, A Professional Accounting Corporation in Metairie, LA received a Paycheck Protection Loan of $3.31M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Laporte, A Professional Accounting Corporation's total 2019 payroll expenses were approximately $15.89M in order to qualify for the PPP loan amount received.
Based on their reported 173 jobs retained, this equals an estimated average yearly compensation of $91,824 per employee1.
Business Information - Laporte, A Professional Accounting Corporation in Metairie, LA
111 Veterans Blvd., Suite 600
Metairie, LA 70005
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: LA-01
Similar Companies near Metairie
In the Metairie area, 29 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 173) and received an average PPP loan of $248,379 (compared to this company's $3.31M).
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The Poole Group, CPAS, LLC
Stanley J Mongrue, CPA,APC
Robert J Logreco, CPA, LLC
Terry P Meilleur, CPA A Professional Corporation
HMS Schafer Group, LLC
Murphy & Warren APC
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 Laporte, A Professional Accounting Corporation's reported 173 employees, and received an average PPP loan of $88,968, 97% lower than this company's loan of $3.31M.
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, 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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