PPP Loan Data — Law Office Of Elisabeth Ames, Concord, MA
Law Office Of Elisabeth Ames is a sole proprietorship located at 300 Baker Ave Ste 300 in Concord, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $24,896.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Law Office Of Elisabeth Ames in Concord, MA received a Paycheck Protection Loan of $24,896 through Avidia Bank, which was approved in April, 2020.
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 Elisabeth Ames' 2019 payroll expenses are estimated to be at least $119,501.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,751 per employee1
Reported PPP Proceed Usage:
On the PPP application, Law Office Of Elisabeth Ames reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,896
Business Information - Law Office Of Elisabeth Ames in Concord, MA
300 Baker Ave Ste 300
Concord, MA 1742
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Concord
In the Concord area, 25 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $111,444 (compared to this company's $24,896).
Similar Nearby Businesses Who Received PPP Funding:
Robert D Gordon Atty At Law
Mcwalter, Barron & Boisvert LLP
Margaret P. Franklin, Attorney At Law
Law Offices Of Sheara Friend
Law Offices Of Karen B. Cohen
Klein Law PLLC
Law Office Of Mary E. Bassett
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 Elisabeth Ames' reported 2 employees, and received an average PPP loan of $81,518, 227% higher than this company's loan of $24,896.
FederalPay's PPP Information Policy
Footnotes & Information
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