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PPP Loan Data — Mcafee & Taft, A Professional Corporation,
Oklahoma City, OK
Mcafee & Taft, A Professional Corporation
Entity: Corporation
Industry: Offices of Lawyers
Location: Oklahoma City, OK
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Mcafee & Taft, A Professional Corporation is a corporation located at 211 Robinson Ave, 10th Floor in Oklahoma City, Oklahoma that received a Coronavirus-related PPP loan from the SBA of $6,194,800.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
326Loan Approved:
2020-04-04Lender:
ARVEST BANKMcafee & Taft, A Professional Corporation in Oklahoma City, OK received a Paycheck Protection Loan of $6.19M through ARVEST BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Mcafee & Taft, A Professional Corporation's total 2019 payroll expenses were approximately $29.74M in order to qualify for the PPP loan amount received.
Based on their reported 326 jobs retained, this equals an estimated average yearly compensation of $91,212 per employee1.
Business Information - Mcafee & Taft, A Professional Corporation in Oklahoma City, OK
211 Robinson Ave, 10th Floor
Oklahoma City, OK 73102
Business Industry
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: OK-05Similar Companies near Oklahoma City
In the Oklahoma City area, 241 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 326) and received an average PPP loan of $125,382 (compared to this company's $6.19M).
Similar Nearby Businesses Who Received PPP Funding:
Niemeyer, Alexander & Phillips, PC
Oklahoma City, OK
Hammons And Associates, Inc.
Oklahoma City, OK
Andrew E Hutter PC
Oklahoma City, OK
Hiersche Law Firm
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Stacy S Ramdas, PLLC
Oklahoma City, OK
Birdwell Law Office
Oklahoma City, OK
Fellers, Snider, Blankenship, Bailey & Tippens PC
Oklahoma City, OK
Brooks T Ray, PLLC
Oklahoma City, OK
Reynolds, Ridings, Vogt & Mccart, PLLC
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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, 98% lower than Mcafee & Taft, A Professional Corporation's reported 326 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $6.19M.
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, and is published unmodified, as provided by the SBA.
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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