PPP Loan Data — Law Office Of Robert Elovitz, Edwardsville, IL
Law Office Of Robert Elovitz is a sole proprietorship located at 521 Saint Louis Street in Edwardsville, Illinois that received a Coronavirus-related PPP loan from the SBA of $27,600.00 in April, 2020.
$ PPP Loan Information
Law Office Of Robert Elovitz received a Paycheck Protection Loan of $27,600 through BUSEY BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Law Office Of Robert Elovitz's total 2019 payroll expenses were approximately $132,480 in order to qualify for the PPP loan amount received.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $26,496 per employee1.
Business Information - Law Office Of Robert Elovitz in Edwardsville, IL
521 Saint Louis Street
Edwardsville, IL 62025
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: IL-15
Similar Companies near Edwardsville
In the Edwardsville area, 40 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 5) and received an average PPP loan of $274,864 (compared to this company's $27,600).
Similar Nearby Businesses Who Received PPP Funding:
Hoffman Law Firm, PC
The Unsell Law Firm, PC
East Alton, IL
Craney Law Group LLC
David M. Fahrenkamp
Sherer Law Offices, LLC
Layloff And Associates, LLC
Hawkins Law Office PC
Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 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 Robert Elovitz's reported 5 employees, and received an average PPP loan of $94,010, 241% higher than this company's loan of $27,600.
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.
Footnotes & Information
1. 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.
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