PPP Loan Data — Law Office Of Douglas J. Kappmeyer, PC, Seguin, TX
Law Office Of Douglas J. Kappmeyer, PC is a corporation located at 113 W Gonzales St in Seguin, Texas 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
Lender:First United Bank and Trust Company
Law Office Of Douglas J. Kappmeyer, PC in Seguin, TX received a Paycheck Protection Loan of $25,000 through First United Bank and Trust Company, 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 February, 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 Douglas J. Kappmeyer, PC'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 Office Of Douglas J. Kappmeyer, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Law Office Of Douglas J. Kappmeyer, PC in Seguin, TX
113 W Gonzales St
Seguin, TX 78155
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Seguin
In the Seguin area, 27 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $28,080 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
The Law Office Of Ruben James Reyes, PLLC
Weisinger Law Firm PLLC
Blue Lake Reporting
Carl J. Mangine Attorney At Law PLLC
The Law Office Of Stephen D. Finch, A Professional Corporati
David J Eveld
Anthony O. Schaker
Kolb And Murray P C
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 Office Of Douglas J. Kappmeyer, PC'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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