PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Levy Firestone Muse LLP, Washington, DC

ALERT: There are 2 PPP loans for a total of $465,688 in our database for businesses with the name "Levy Firestone Muse LLP" in Washington, DC. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Levy Firestone Muse LLP
DC

Levy Firestone Muse LLP

Entity: Limited Liability Partnership

Industry: Offices of Lawyers

Location: Washington, DC

Search All PPP Data

Levy Firestone Muse LLP is a limited liability partnership located at 1701 K St Nw Ste 350 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $213,188.00 in January, 2021.

$ PPP Loan Information
Loan #6044758307

Loan Size:

$213,188

Jobs Retained:

13

Loan Approved:

2021-01-26

Loan Status:

Paid in Full or Forgiven

Lender:

Capital Bank, National Association

Levy Firestone Muse LLP in Washington, DC received a Paycheck Protection Loan of $213,188 through Capital Bank, National Association, which was approved in January, 2021.

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 December, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Levy Firestone Muse LLP's 2019 payroll expenses are estimated to be at least $1.02M.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $78,716 per employee1

Reported PPP Proceed Usage:

On the PPP application, Levy Firestone Muse LLP reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $213,187

Business Information - Levy Firestone Muse LLP in Washington, DC

Levy Firestone Muse LLP
1701 K St Nw Ste 350
Washington, DC 20006

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

District Of Columbia County, DC — SBA Office 0353 — Congressional District: DC-

Similar Companies near Washington

In the Washington area, 382 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 13) and received an average PPP loan of $255,817 (compared to this company's $213,188).

Industry PPP Comparison Statistics

Nationwide, 200,503 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, 54% lower than Levy Firestone Muse LLP's reported 13 employees, and received an average PPP loan of $81,670, 62% lower than this company's loan of $213,188.

SBA PPP loan data, payroll data, and salaries for Levy Firestone Muse LLP
DC

Levy Firestone Muse LLP

Entity: Limited Liability Partnership

Industry: Offices of Lawyers

Location: Washington, DC

Search All PPP Data

Levy Firestone Muse LLP is a limited liability partnership located at 1401 K St Nw in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $252,500.00 in April, 2020.

$ PPP Loan Information
Loan #5471117209

Loan Size:

$252,500

Jobs Retained:

13

Loan Approved:

2020-04-27

Loan Status:

Paid in Full or Forgiven

Lender:

Capital Bank, National Association

Levy Firestone Muse LLP in Washington, DC received a Paycheck Protection Loan of $252,500 through Capital Bank, National Association, 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 January, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Levy Firestone Muse LLP's 2019 payroll expenses are estimated to be at least $1.21M.

Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $93,231 per employee1

Reported PPP Proceed Usage:

On the PPP application, Levy Firestone Muse LLP reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $252,500

Business Information - Levy Firestone Muse LLP in Washington, DC

Levy Firestone Muse LLP
1401 K St Nw
Washington, DC 20005

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

District Of Columbia County, DC — SBA Office 0353 — Congressional District: DC-

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Levy Firestone Muse LLP.

Intrepid Wendell LLC
Jewelry Stores

$20,500 PPP Loan

Clasp
All Other Professional, Scientific, and Technical Services

$582,000 PPP Loan

Similar Companies near Washington

In the Washington area, 411 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 13) and received an average PPP loan of $235,702 (compared to this company's $252,500).

Industry PPP Comparison Statistics

Nationwide, 200,503 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, 54% lower than Levy Firestone Muse LLP's reported 13 employees, and received an average PPP loan of $81,670, 68% lower than this company's loan of $252,500.

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.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/levy-firestone-muse-llp-washington-dc