PPP Loan Data — Law Offices Of T Jeffrey Keane PLLC, Seattle, WA
Law Offices Of T Jeffrey Keane PLLC is a limited liability company (LLC) located at 100 Ne Northlake Way Ste 200 in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $46,920.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of America, National Association
Law Offices Of T Jeffrey Keane PLLC in Seattle, WA received a Paycheck Protection Loan of $46,920 through Bank of America, National Association, which was approved in April, 2020.
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 T Jeffrey Keane PLLC's 2019 payroll expenses are estimated to be at least $225,216 (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 T Jeffrey Keane PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,920
Business Information - Law Offices Of T Jeffrey Keane PLLC in Seattle, WA
100 Ne Northlake Way Ste 200
Seattle, WA 98105
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 247 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 2) and received an average PPP loan of $148,590 (compared to this company's $46,920).
Similar Nearby Businesses Who Received PPP Funding:
Logerfo Garella, PLLC
Soreff Weinrich Law PLLC
Rossi Vucinovich PC
Hillis Clark Martin & Peterson P.s
Robert V. Boeshaar Attorney At Law Llm PLLC
Rios Immigration Defense P.s
Metz Law Group PLLC
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 6 employees, 200% higher than Law Offices Of T Jeffrey Keane PLLC's reported 2 employees, and received an average PPP loan of $81,518, 74% higher than this company's loan of $46,920.
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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