PPP Loan Data — Law Offices Of Amy Menkes Stoody, A Prof, Irvine, CA
Law Offices Of Amy Menkes Stoody, A Prof is a corporation located at 19762 Macarthur Blvd Ste 350 in Irvine, California that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:JPMorgan Chase Bank, National Association
Law Offices Of Amy Menkes Stoody, A Prof in Irvine, CA received a Paycheck Protection Loan of $25,300 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 April, 2021.The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 1 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
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 Offices Of Amy Menkes Stoody, A Prof's 2019 payroll expenses are estimated to be at least $121,440 (not accounting for salary amounts > $100k).
Because the 1 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Reported PPP Proceed Usage:
On the PPP application, Law Offices Of Amy Menkes Stoody, A Prof reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Law Offices Of Amy Menkes Stoody, A Prof in Irvine, CA
19762 Macarthur Blvd Ste 350
Irvine, CA 92612
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Irvine
In the Irvine area, 185 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 1) and received an average PPP loan of $116,409 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Law Office Of Amy Hu
Lemkin Barnes & Row Inc
Keller Anderle LLP
Law Offices Of Staycie R. Sena
Wolfe & Wyman LLP
Furman Usher, Inc
Keller & Weber
STU Mollrich Law APC
The Busch Firm A Professional Corp
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, 500% higher than Law Offices Of Amy Menkes Stoody, A Prof's reported 1 employees, and received an average PPP loan of $81,518, 222% higher than this company's loan of $25,300.
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Footnotes & Information
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