PPP Loan Data — Law Offices Of David W. Sheves PLLC The, Dallas, TX
Law Offices Of David W. Sheves PLLC The is a limited liability company (LLC) located at 3131 Mckinney Ave Ste 600 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $46,667.00 in January, 2021.
The company has reported itself as a male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Law Offices Of David W. Sheves PLLC The in Dallas, TX received a Paycheck Protection Loan of $46,667 through Bank of America, National Association, which was approved in January, 2021.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 2. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
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 David W. Sheves PLLC The's 2019 payroll expenses are estimated to be at least $224,002 (not accounting for salary amounts > $100k).
Because the 2 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 David W. Sheves PLLC The reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,665
- Utilities: $1
Business Information - Law Offices Of David W. Sheves PLLC The in Dallas, TX
3131 Mckinney Ave Ste 600
Dallas, TX 75204
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
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 Dallas
In the Dallas area, 186 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $58,444 (compared to this company's $46,667).
Similar Nearby Businesses Who Received PPP Funding:
Jose Flores Jr
Bishop Law Firm PC
Law Office Of Jeff Turner
Bergman Gray LLP
Marsha Hunter Atty At Law
Buried Alive Project
The Sticker Box
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, 200% higher than Law Offices Of David W. Sheves PLLC The's reported 2 employees, and received an average PPP loan of $81,518, 75% higher than this company's loan of $46,667.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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