PPP Loan Data — Margolis Edelstein, Philadelphia, PA
Margolis Edelstein is a partnership located at 601 Walnut St in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $3,536,700.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:PNC BANK, NATIONAL ASSOCIATION
Margolis Edelstein received a Paycheck Protection Loan of $3.54M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Margolis Edelstein's total 2019 payroll expenses were approximately $16.98M in order to qualify for the PPP loan amount received.
Unlike most businesses, Margolis Edelstein's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Margolis Edelstein in Philadelphia, PA
601 Walnut St
Philadelphia, PA 19106
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: PA-03
Similar Companies near Philadelphia
In the Philadelphia area, 104 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 0) and received an average PPP loan of $209,981 (compared to this company's $3.54M).
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Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 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, and received an average PPP loan of $94,010, 97% lower than this company's loan of $3.54M.
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Footnotes & Information
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