PPP Loan Data — Mccalla Raymer Leibert Pierce, LLC, Roswell, GA
Mccalla Raymer Leibert Pierce, LLC is a limited liability company (LLC) located at 1544 Old Alabama Rd in Roswell, Georgia that received a Coronavirus-related PPP loan from the SBA of $10,000,000.00 in April, 2020.
$ PPP Loan Information
Mccalla Raymer Leibert Pierce, LLC received a Paycheck Protection Loan of $10M through RENASANT BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 478 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 480.
Based on standard PPP eligibility rules, Mccalla Raymer Leibert Pierce, LLC's total 2019 payroll expenses were approximately $48M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 478 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Mccalla Raymer Leibert Pierce, LLC in Roswell, GA
1544 Old Alabama Rd
Roswell, GA 30076
Legal Counsel and Prosecution (NAICS code 922130)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: GA-06
Similar Companies near Roswell
In the Roswell area, 3 businesses in the "Legal Counsel and Prosecution" industry received a PPP loan. These local businesses reported an average of 161 employees (compared to this company's 478) and received an average PPP loan of $3,342,492 (compared to this company's $10M).
Similar Nearby Businesses Who Received PPP Funding:
Darice M Good, LLC
Allen F Harris PC
Industry PPP Comparison Statistics
Nationwide, 4,522 businesses in the "Legal Counsel and Prosecution" industry received a total of $346,914,341.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 99% lower than Mccalla Raymer Leibert Pierce, LLC's reported 478 employees, and received an average PPP loan of $76,717, 99% lower than this company's loan of $10M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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