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PPP Loan Data — Lerro & Chandross PLLC,
Boca Raton, FL
Lerro & Chandross PLLC
Entity: Limited Liability Company (LLC)
Industry: Offices of Other Holding Companies
Location: Boca Raton, FL
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Lerro & Chandross PLLC is a limited liability company (LLC) located at 1499 W Palmetto Park Rd in Boca Raton, Florida that received a Coronavirus-related PPP loan from the SBA of $169,355.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
11Loan Approved:
2020-04-08Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COLerro & Chandross PLLC received a Paycheck Protection Loan of $169,355 through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lerro & Chandross PLLC's total 2019 payroll expenses were approximately $812,904 in order to qualify for the PPP loan amount received.
Based on their reported 11 jobs retained, this equals an estimated average yearly compensation of $73,900 per employee1.
Business Information - Lerro & Chandross PLLC in Boca Raton, FL
1499 W Palmetto Park Rd
Boca Raton, FL 33486
Business Industry
Offices of Other Holding Companies (NAICS code 551112)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-22Similar Companies near Boca Raton
In the Boca Raton area, 11 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 40 employees (compared to this company's 11) and received an average PPP loan of $436,624 (compared to this company's $169,355).
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Industry PPP Comparison Statistics
Nationwide, 7,606 businesses in the "Offices of Other Holding Companies" industry received a total of $1,222,968,235.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 14 employees, 27% higher than Lerro & Chandross PLLC's reported 11 employees, and received an average PPP loan of $160,790, 5% lower than this company's loan of $169,355.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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