PPP Loan Data — MCM CPAS & Advisors LLP, Louisville, KY
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
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.
Business Information - MCM CPAS & Advisors LLP in Louisville, KY
462 South 4th St, Suite 2600
Louisville, KY 40202
Other Accounting Services (NAICS code 541219)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Tilford Dobbins & Schmidt PLLC
Professional Accounting And Tax Services Inc
Integrity Accounting & Tax Services LLC
Practice Administrative Systems, Inc
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.
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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