PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Laporte, A Professional Accounting Corporation, Metairie, LA

SBA PPP loan data, payroll data, and salaries for Laporte, A Professional Accounting Corporation
LA

Laporte, A Professional Accounting Corporation

Entity: Limited Liability Company (LLC)

Industry: Offices of Certified Public Accountants

Location: Metairie, LA

Search All PPP Data

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

Loan Size:

$3.31M

Jobs Retained:

173

Loan Approved:

2020-04-10

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.

Because the loan received by Laporte, A Professional Accounting Corporation is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Laporte, A Professional Accounting Corporation in Metairie, LA

Laporte, A Professional Accounting Corporation
111 Veterans Blvd., Suite 600
Metairie, LA 70005

Business Industry

Offices of Certified Public Accountants (NAICS code 541211)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional 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).

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/laporte-a-professional-accounting-corporation-metairie-la