PPP Loan Data — Law Offices Of Ian Craig PC, Sacramento, CA
Law Offices Of Ian Craig PC is a subchapter s corporation located at 2023 N St Ste 220 in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Tri Counties Bank
Law Offices Of Ian Craig PC in Sacramento, CA received a Paycheck Protection Loan of $25,300 through Tri Counties Bank, which was approved in April, 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.
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 Ian Craig PC's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Law Offices Of Ian Craig PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Law Offices Of Ian Craig PC in Sacramento, CA
2023 N St Ste 220
Sacramento, CA 95811
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 Sacramento
In the Sacramento area, 37 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 4) and received an average PPP loan of $72,744 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Sias Law Inc
Law Offices Of Alan M. Laskin
Mckibben Law Inc
Keith E Pershall
Kevin J. Hiestand
Peebles Kidder Bergin & Robinson LLP
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, 50% higher than Law Offices Of Ian Craig PC's reported 4 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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