PPP Loan Data — Law Offices Of Gerald L. Kane, Aplc, Encino, CA
Law Offices Of Gerald L. Kane, Aplc is a corporation located at 16255 Ventura Blvd Suite 510 in Encino, California that received a Coronavirus-related PPP loan from the SBA of $25,160.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Law Offices Of Gerald L. Kane, Aplc in Encino, CA received a Paycheck Protection Loan of $25,160 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 Offices Of Gerald L. Kane, Aplc's 2019 payroll expenses are estimated to be at least $120,768.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $20,128 per employee1
Reported PPP Proceed Usage:
On the PPP application, Law Offices Of Gerald L. Kane, Aplc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,160
Business Information - Law Offices Of Gerald L. Kane, Aplc in Encino, CA
16255 Ventura Blvd Suite 510
Encino, CA 91436
All Other Legal Services
NAICS code 541199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Encino
In the Encino area, 23 businesses in the "All Other Legal Services" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 6) and received an average PPP loan of $27,421 (compared to this company's $25,160).
Similar Nearby Businesses Who Received PPP Funding:
Auxilium Law Group, APC
Paul A. Lenz, Inc
Wayne S Marshall & Associates A Professional Corp
Amirian Law Group, Inc
Carlyle Legal Corporation
Industry PPP Comparison Statistics
Nationwide, 17,879 businesses in the "All Other Legal Services" industry received a total of $860.5M 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% lower than Law Offices Of Gerald L. Kane, Aplc's reported 6 employees, and received an average PPP loan of $48,129, 91% higher than this company's loan of $25,160.
FederalPay's PPP Information Policy
Footnotes & Information
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