PPP Loan Data — Law Offices Of Yanky Brenner LLC, Lakewood, NJ
Law Offices Of Yanky Brenner LLC is a limited liability company (LLC) located at 15 America Avenue, Suite 102 in Lakewood, New Jersey that received a Coronavirus-related PPP loan from the SBA of $45,900.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Commerce Bank
Law Offices Of Yanky Brenner LLC in Lakewood, NJ received a Paycheck Protection Loan of $45,900 through First Commerce 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 Yanky Brenner LLC's 2019 payroll expenses are estimated to be at least $220,320.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $73,440 per employee1
Reported PPP Proceed Usage:
On the PPP application, Law Offices Of Yanky Brenner LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,900
Business Information - Law Offices Of Yanky Brenner LLC in Lakewood, NJ
15 America Avenue, Suite 102
Lakewood, NJ 8701
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lakewood
In the Lakewood area, 42 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $64,541 (compared to this company's $45,900).
Similar Nearby Businesses Who Received PPP Funding:
Weinstein Law Offices PC
Burton Law Group LLP
Law Office Of Joseph Moskovits
Gertner Mandel, LLC
Bathgate Wegener & Wolf PC
Leib Klein ESQ. LLC
The Brown Law Firm LLC
Michael I Inzelbuch ESQ PC
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 Yanky Brenner LLC's reported 3 employees, and received an average PPP loan of $81,518, 78% higher than this company's loan of $45,900.
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Footnotes & Information
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