PPP Loan Data — Law & Mediation Firm Of Attorney Nazarian, Glendale, CA
Law & Mediation Firm Of Attorney Nazarian is a limited liability company (LLC) located at 450 North Brand Boulevard Suite 600 in Glendale, California that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Law & Mediation Firm Of Attorney Nazarian in Glendale, CA received a Paycheck Protection Loan of $25,000 through Customers Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in April, 2021.
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, Law & Mediation Firm Of Attorney Nazarian's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Law & Mediation Firm Of Attorney Nazarian reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Law & Mediation Firm Of Attorney Nazarian in Glendale, CA
450 North Brand Boulevard Suite 600
Glendale, CA 91203
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Glendale
In the Glendale area, 252 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 2) and received an average PPP loan of $87,364 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
David Shapiro DBA Law Offices Of David B Shapiro
Zakaryan Law PC
Khatchatrian Law Group A Prof. Corp
JT Legal Group, APC
Knapp, Petersen & Clarke, A Professional Corporation
Dulgeryan Law PC
Law Offices Of Nazaretian & Besnilian Inc
Papian & Adamian, A Professional Law Corporation
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, 200% higher than Law & Mediation Firm Of Attorney Nazarian's reported 2 employees, and received an average PPP loan of $81,518, 226% higher than this company's loan of $25,000.
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Footnotes & Information
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