PPP Loan Data — Law Offices Of Guy C Parvex Jr, Ventura, CA
Law Offices Of Guy C Parvex Jr is a sole proprietorship located at 674 County Square Drive Suite 101 in Ventura, California that received a Coronavirus-related PPP loan from the SBA of $25,001.00 in June, 2020.
The company has reported itself as a White male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Wells Fargo Bank, National Association
Law Offices Of Guy C Parvex Jr in Ventura, CA received a Paycheck Protection Loan of $25,001 through Wells Fargo Bank, National Association, which was approved in June, 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 May, 2021.
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 Guy C Parvex Jr's 2019 payroll expenses are estimated to be at least $120,005.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,002 per employee1
Reported PPP Proceed Usage:
On the PPP application, Law Offices Of Guy C Parvex Jr reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,001
Business Information - Law Offices Of Guy C Parvex Jr in Ventura, CA
674 County Square Drive Suite 101
Ventura, CA 93003
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: Y
Rural / Urban: Urban
Similar Companies near Ventura
In the Ventura area, 83 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $73,507 (compared to this company's $25,001).
Similar Nearby Businesses Who Received PPP Funding:
The Law Office Of Joshua A. Burt
Baumer California Properties
Bromund Law Group APC
Hermance Law, A Professional Corporation
Deirdre Frank A Professional Corporation
Rose Law Offices, APC
Law Office Of Maury Mills
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 Offices Of Guy C Parvex Jr's reported 3 employees, and received an average PPP loan of $81,518, 226% higher than this company's loan of $25,001.
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