PPP Loan Data — Law Office Of Julie R. Johnson, LLC, Madisoville, LA
Law Office Of Julie R. Johnson, LLC is a corporation located at 337 Highway 21 Suite A in Madisoville, Louisiana that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Law Office Of Julie R. Johnson, LLC in Madisoville, LA received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in May, 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 June, 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 Julie R. Johnson, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Law Office Of Julie R. Johnson, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $22,500
- Utilities: $1,000
- Rent: $1,500
Business Information - Law Office Of Julie R. Johnson, LLC in Madisoville, LA
337 Highway 21 Suite A
Madisoville, LA 70447
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 Madisoville
In the Madisoville area, 67 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 3) and received an average PPP loan of $30,397 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Robin R. De Leo, LLC
Julie M Knight
The Law Office Of Kevin S. Vogeltanz LLC
Robert A Knight LLC
William D Cass LLC
Braud & Gallagher
The Knapp Law Firm LLC
Law Office Of Kevin S. Vogeltanz, LLC
Law Office Of Carisa G. Oden, LLC
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, 100% higher than Law Office Of Julie R. Johnson, LLC's reported 3 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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