PPP Loan Data — Law Office Of Marcella A. Taylor, Jacksonville, FL
Law Office Of Marcella A. Taylor is a subchapter s corporation located at 13453 N Main Street 203 in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $24,849.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Law Office Of Marcella A. Taylor in Jacksonville, FL received a Paycheck Protection Loan of $24,849 through Cross River 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 Marcella A. Taylor's 2019 payroll expenses are estimated to be at least $119,275.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,758 per employee1
Reported PPP Proceed Usage:
On the PPP application, Law Office Of Marcella A. Taylor reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,849
Business Information - Law Office Of Marcella A. Taylor in Jacksonville, FL
13453 N Main Street 203
Jacksonville, FL 32218
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 Jacksonville
In the Jacksonville area, 40 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $75,787 (compared to this company's $24,849).
Similar Nearby Businesses Who Received PPP Funding:
W E Corley III Law Offices LLC
Childs, Hester & Love PA
Judy-Ann Smith Law Firm, PA
Justice League Law Group Of Jacksonvill
Patricia A Harrison Inc
Beth M. Terry, PA
Durant, Schoeppel & Decunto, PA
Dennis R. Schutt PA
Law Office Of E. R. Mousa PA
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 Marcella A. Taylor's reported 3 employees, and received an average PPP loan of $81,518, 228% higher than this company's loan of $24,849.
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Footnotes & Information
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