Laughlin Falbo Levy & Moresi LLP in Concord, CA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Laughlin Falbo Levy & Moresi LLP, Concord, CA

Laughlin Falbo Levy & Moresi LLP

Entity: Limited Liability Partnership

Industry: Legal Counsel and Prosecution

Location: Concord, CA

Laughlin Falbo Levy & Moresi LLP is a limited liability partnership located at 1001 Galaxy Way Suite 200 in Concord, California that received a Coronavirus-related PPP loan from the SBA of $3,950,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.95M

Jobs Retained:

209

Loan Approved:

2020-04-12

Lender:

STEARNS BANK NATIONAL ASSOCIATION

Laughlin Falbo Levy & Moresi LLP received a Paycheck Protection Loan of $3.95M through STEARNS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Laughlin Falbo Levy & Moresi LLP's total 2019 payroll expenses were approximately $18.96M in order to qualify for the PPP loan amount received.

Based on their reported 209 jobs retained, this equals an estimated average yearly compensation of $90,718 per employee¹.

Because the loan received by Laughlin Falbo Levy & Moresi LLP 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 - Laughlin Falbo Levy & Moresi LLP in Concord, CA

Laughlin Falbo Levy & Moresi LLP
1001 Galaxy Way Suite 200
Concord, CA 94520

Business Industry

Legal Counsel and Prosecution (NAICS code 922130)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: CA-11

Industry PPP Comparison Statistics

Nationwide, 4,522 businesses in the "Legal Counsel and Prosecution" industry received a total of $346,914,341.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 98% lower than Laughlin Falbo Levy & Moresi LLP's reported 209 employees, and received an average PPP loan of $76,717, 98% lower than this company's loan of $3.95M.

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.

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.

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