PPP Loan Data — Lawrimore CPA PA, Florence, SC
Lawrimore CPA PA is a corporation located at 520 W Palmetto St in Florence, South Carolina that received a Coronavirus-related PPP loan from the SBA of $46,800.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:First-Citizens Bank & Trust Company
Lawrimore CPA PA in Florence, SC received a Paycheck Protection Loan of $46,800 through First-Citizens Bank & Trust Company, 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 June, 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, Lawrimore CPA PA's 2019 payroll expenses are estimated to be at least $224,640.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $74,880 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lawrimore CPA PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,800
Business Information - Lawrimore CPA PA in Florence, SC
520 W Palmetto St
Florence, SC 29501
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Florence
In the Florence area, 16 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $31,833 (compared to this company's $46,800).
Similar Nearby Businesses Who Received PPP Funding:
Allyson O'steen Scott, CPA, LLC
Bryan Rabon, CPA
Anne Marie Hanna CPA LLC
Duncan And Floyd CPAs PA
Douglas R. Poston, Jr. CPA
John S. Turner, CPA, PC
Glenn J Matthews CPA LLC
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 100% higher than Lawrimore CPA PA's reported 3 employees, and received an average PPP loan of $73,772, 58% higher than this company's loan of $46,800.
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Footnotes & Information
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