PPP Loan Data — Marmon & Leach LLC, Atlanta, GA
Marmon & Leach LLC is a limited liability company (LLC) located at 6111 Peachtree-dunwoody Rd Ne Building D in Atlanta, Georgia that received a Coronavirus-related PPP loan from the SBA of $25,209.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Wells Fargo Bank, National Association
Marmon & Leach LLC in Atlanta, GA received a Paycheck Protection Loan of $25,209 through Wells Fargo Bank, National Association, which was approved in May, 2020.
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, Marmon & Leach LLC's 2019 payroll expenses are estimated to be at least $121,003.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,502 per employee1
Reported PPP Proceed Usage:
On the PPP application, Marmon & Leach LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,209
Business Information - Marmon & Leach LLC in Atlanta, GA
6111 Peachtree-dunwoody Rd Ne Building D
Atlanta, GA 30328
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Atlanta
In the Atlanta area, 313 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $66,169 (compared to this company's $25,209).
Similar Nearby Businesses Who Received PPP Funding:
Perales & Fernandez LLP
Sandy Springs, GA
Neuberger Law, LLC
Jensen Law, LLC
Ronne G Kaplan LLC
Sandy Springs, GA
Tfcoen Law Firm LLC
Subhani & Subhani LLC
Sessoms Law Group, LLC
Kevin G. Ryan
Industry PPP Comparison Statistics
Nationwide, 200,895 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, 200% higher than Marmon & Leach LLC's reported 2 employees, and received an average PPP loan of $81,518, 223% higher than this company's loan of $25,209.
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Footnotes & Information
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