PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Law Office Of Laura A. Yiengst LLC, Dover, DE

ALERT: There are 2 PPP loans for a total of $121,869 in our database for businesses with the name "Law Office Of Laura A. Yiengst LLC" in Dover, DE. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Law Office Of Laura A. Yiengst LLC
DE

Law Office Of Laura A. Yiengst LLC

Entity: Limited Liability Company (LLC)

Industry: Legal Counsel and Prosecution

Location: Dover, DE

Search All PPP Data

Law Office Of Laura A. Yiengst LLC is a limited liability company (LLC) located at 314 S State St in Dover, Delaware that received a Coronavirus-related PPP loan from the SBA of $38,669.00 in March, 2021.

The company has reported itself as a White female owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #6645448510

Loan Size:

$38,669

Jobs Retained:

3

Loan Approved:

2021-03-04

Loan Status:

Ongoing Loan

Lender:

Manufacturers and Traders Trust Company

Law Office Of Laura A. Yiengst LLC in Dover, DE received a Paycheck Protection Loan of $38,669 through Manufacturers and Traders Trust Company, which was approved in March, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA. The loan's status was last updated by the SBA in November, -0001.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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 Laura A. Yiengst LLC's 2019 payroll expenses are estimated to be at least $185,611.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $61,870 per employee1

Reported PPP Proceed Usage:

On the PPP application, Law Office Of Laura A. Yiengst LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $38,667
  • Utilities: $1

Business Information - Law Office Of Laura A. Yiengst LLC in Dover, DE

Law Office Of Laura A. Yiengst LLC
314 S State St
Dover, DE 19901

Business Industry:
Legal Counsel and Prosecution
NAICS code 922130

Business Owner Demographics

Race: White

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Kent County, DE — SBA Office 0341 — Congressional District: DE-

Similar Companies near Dover

In the Dover area, 3 businesses in the "Legal Counsel and Prosecution" industry received a PPP loan. These local businesses reported an average of 32 employees (compared to this company's 3) and received an average PPP loan of $467,349 (compared to this company's $38,669).

Industry PPP Comparison Statistics

Nationwide, 9,055 businesses in the "Legal Counsel and Prosecution" industry received a total of $544.39M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 4 employees, 33% higher than Law Office Of Laura A. Yiengst LLC's reported 3 employees, and received an average PPP loan of $60,120, 55% higher than this company's loan of $38,669.

SBA PPP loan data, payroll data, and salaries for Law Office Of Laura A. Yiengst, LLC
DE

Law Office Of Laura A. Yiengst, LLC

Entity: Limited Liability Company (LLC)

Industry: Offices of Lawyers

Location: Dover, DE

Search All PPP Data

Law Office Of Laura A. Yiengst, LLC is a limited liability company (LLC) located at 314 South State Street in Dover, Delaware that received a Coronavirus-related PPP loan from the SBA of $83,200.00 in April, 2020.

$ PPP Loan Information
Loan #1258397204

Loan Size:

$83,200

Jobs Retained:

5

Loan Approved:

2020-04-15

Loan Status:

Paid in Full or Forgiven

Lender:

Manufacturers and Traders Trust Company

Law Office Of Laura A. Yiengst, LLC in Dover, DE received a Paycheck Protection Loan of $83,200 through Manufacturers and Traders 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 May, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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 Laura A. Yiengst, LLC's 2019 payroll expenses are estimated to be at least $399,360.

Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $79,872 per employee1

Reported PPP Proceed Usage:

On the PPP application, Law Office Of Laura A. Yiengst, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $78,304
  • Utilities: $1,500
  • Rent: $1,812
  • Health Care: $1,584

Business Information - Law Office Of Laura A. Yiengst, LLC in Dover, DE

Law Office Of Laura A. Yiengst, LLC
314 South State Street
Dover, DE 19901

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Kent County, DE — SBA Office 0341 — Congressional District: DE-

Similar Companies near Dover

In the Dover area, 14 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 5) and received an average PPP loan of $101,223 (compared to this company's $83,200).

Industry PPP Comparison Statistics

Nationwide, 200,507 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, 20% higher than Law Office Of Laura A. Yiengst, LLC's reported 5 employees, and received an average PPP loan of $81,669, 2% lower than this company's loan of $83,200.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/law-office-of-laura-a-yiengst-llc-dover-de