PPP Loan Data — Mcguire Moore, LLC, Baltimore, MD
Mcguire Moore, LLC is a limited liability company (LLC) located at 323 West Camden Street Suite 410 in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in July, 2020.
The company has reported itself as a female veteran owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Mcguire Moore, LLC in Baltimore, MD received a Paycheck Protection Loan of $25,000 through Quontic Bank, which was approved in July, 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, Mcguire Moore, LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, Mcguire Moore, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - Mcguire Moore, LLC in Baltimore, MD
323 West Camden Street Suite 410
Baltimore, MD 21201
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Gender: Female Owned
Veteran Status: Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Baltimore
In the Baltimore area, 308 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 14 employees (compared to this company's 2) and received an average PPP loan of $242,550 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Bekman Marder & Adkins LLC
Paul R Kramer LLC
John L Friedman Law Office
Woodford Law Group
Bates & Garcia
Law Office Of Katherine Stenlake
Butler Mckeon & Associates, PA
Salsbury Sullivan, LLC
Henry I. Greenberg, PA
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 Mcguire Moore, LLC's reported 2 employees, and received an average PPP loan of $81,518, 226% higher than this company's loan of $25,000.
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Footnotes & Information
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