PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — MCM CPAS & Advisors LLP, Louisville, KY

SBA PPP loan data, payroll data, and salaries for MCM CPAS & Advisors LLP
KY

MCM CPAS & Advisors LLP

Entity: Limited Liability Partnership

Industry: Other Accounting Services

Location: Louisville, KY

Search All PPP Data

MCM CPAS & Advisors LLP is a limited liability partnership located at 462 South 4th St, Suite 2600 in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $5,871,900.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 363 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$5.87M

Jobs Retained:

363

Loan Approved:

2020-04-08

Lender:

STOCK YARDS BANK & TRUST COMPANY

MCM CPAS & Advisors LLP received a Paycheck Protection Loan of $5.87M through STOCK YARDS BANK & TRUST COMPANY, which was approved in April, 2020.

Based on standard PPP eligibility rules, MCM CPAS & Advisors LLP's total 2019 payroll expenses were approximately $28.19M in order to qualify for the PPP loan amount received.

Based on their reported 363 jobs retained, this equals an estimated average yearly compensation of $77,645 per employee1.

Because the loan received by MCM CPAS & Advisors LLP is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - MCM CPAS & Advisors LLP in Louisville, KY

MCM CPAS & Advisors LLP
462 South 4th St, Suite 2600
Louisville, KY 40202

Business Industry

Other Accounting Services (NAICS code 541219)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: KY-03

Similar Companies near Louisville

In the Louisville area, 6 businesses in the "Other Accounting Services" industry received a PPP loan. These local businesses reported an average of 64 employees (compared to this company's 363) and received an average PPP loan of $1,026,309 (compared to this company's $5.87M).

Industry PPP Comparison Statistics

Nationwide, 31,743 businesses in the "Other Accounting Services" industry received a total of $1,370,914,494.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 99% lower than MCM CPAS & Advisors LLP's reported 363 employees, and received an average PPP loan of $43,188, 99% lower than this company's loan of $5.87M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/mcm-cpas-and-advisors-llp-louisville-ky