PPP Loan Data — Lori Adam CPA, Campbell, CA
Lori Adam CPA is a sole proprietorship located at 710 Mcglincy Ln E #110 in Campbell, California that received a Coronavirus-related PPP loan from the SBA of $25,289.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Lori Adam CPA in Campbell, CA received a Paycheck Protection Loan of $25,289 through U.S. 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 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, Lori Adam CPA's 2019 payroll expenses are estimated to be at least $121,387.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,694 per employee1
Reported PPP Proceed Usage:
On the PPP application, Lori Adam CPA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,289
Business Information - Lori Adam CPA in Campbell, CA
710 Mcglincy Ln E #110
Campbell, CA 95008
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Campbell
In the Campbell area, 27 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $97,589 (compared to this company's $25,289).
Similar Nearby Businesses Who Received PPP Funding:
John M Janello, CPA
Joseph A Conte CPA
Just, Gurr & Associates Accountancy Corporation
Storek, Carlson & Strutz Limited Liability Partnership
FAY Jamasbi CPA
Boman Accounting Group, Inc
Nomi Takaichi LLP
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, 200% higher than Lori Adam CPA's reported 2 employees, and received an average PPP loan of $73,772, 192% higher than this company's loan of $25,289.
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Footnotes & Information
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