PPP Loan Data — Law Office Of Abraham Fernando Carpio, Hyattsville, MD
Law Office Of Abraham Fernando Carpio is a limited liability company (LLC) located at 3311 Toledo Ter Ste B201 in Hyattsville, Maryland that received a Coronavirus-related PPP loan from the SBA of $46,000.00 in June, 2020.
The company has reported itself as a male owned business, and employed at least eight people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Law Office Of Abraham Fernando Carpio in Hyattsville, MD received a Paycheck Protection Loan of $46,000 through Bank of America, National Association, which was approved in June, 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 March, 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 Office Of Abraham Fernando Carpio's 2019 payroll expenses are estimated to be at least $220,800.
Based on their reported 8 jobs retained, this equals an estimated average yearly compensation of $27,600 per employee1
Reported PPP Proceed Usage:
On the PPP application, Law Office Of Abraham Fernando Carpio reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,000
Business Information - Law Office Of Abraham Fernando Carpio in Hyattsville, MD
3311 Toledo Ter Ste B201
Hyattsville, MD 20782
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Hyattsville
In the Hyattsville area, 20 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 8) and received an average PPP loan of $39,770 (compared to this company's $46,000).
Similar Nearby Businesses Who Received PPP Funding:
The Law Offices Of David Rees PC
Law Office Of Paul J. Duffy, PA
Nguyen Phi Loc, PC
Jackson Edwards LLC
University Park, MD
Law Office Victor R. Ramirez, LLC
Bethel Law Firm PC
Law Offices Of J Brian Tansey LLC
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 6 employees, 25% lower than Law Office Of Abraham Fernando Carpio's reported 8 employees, and received an average PPP loan of $81,518, 77% higher than this company's loan of $46,000.
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Footnotes & Information
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