PPP Loan Data — Mcgrath North Mulin & Kratz PC LLC, Omaha, NE
Mcgrath North Mulin & Kratz PC LLC is a limited liability company (LLC) located at 1601 Dodge St Ste 3700 in Omaha, Nebraska that received a Coronavirus-related PPP loan from the SBA of $1,680,542.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 120 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Five Points Bank
Mcgrath North Mulin & Kratz PC LLC in Omaha, NE received a Paycheck Protection Loan of $1.68M through Five Points Bank, 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 January, 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, Mcgrath North Mulin & Kratz PC LLC's 2019 payroll expenses are estimated to be at least $8.07M.
Based on their reported 120 jobs retained, this equals an estimated average yearly compensation of $67,222 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mcgrath North Mulin & Kratz PC LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,680,542
Business Information - Mcgrath North Mulin & Kratz PC LLC in Omaha, NE
1601 Dodge St Ste 3700
Omaha, NE 68102
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Omaha
In the Omaha area, 72 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 120) and received an average PPP loan of $139,409 (compared to this company's $1.68M).
Similar Nearby Businesses Who Received PPP Funding:
Kelly T Shattuck PC. Llo
Alton E. Mitchell Attorney At Law LLC
Welch Law Firm Inc
Lustgarten & Roberts PC Llo
Vacanti Shattuck Attorneys
Mcneil Law Office
Robb N. Gagg, Attorney At Law
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, 95% lower than Mcgrath North Mulin & Kratz PC LLC's reported 120 employees, and received an average PPP loan of $81,518, 95% lower than this company's loan of $1.68M.
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Footnotes & Information
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