PPP Loan Data — Mcneil Law Firm LLC, Akron, OH
Mcneil Law Firm LLC is a sole proprietorship located in Akron, Ohio that received a Coronavirus-related PPP loan from the SBA of $15,900.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:PNC Bank, National Association
Mcneil Law Firm LLC in Akron, OH received a Paycheck Protection Loan of $15,900 through PNC Bank, National Association, which was approved in May, 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 June, 2022.
Reported PPP Proceed Usage:
On the PPP application, Mcneil Law Firm LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $15,900
Business Information - Mcneil Law Firm LLC in Akron, OH
* Full address is redacted to protect the privacy of individuals.
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Mcneil Law Firm LLC.
Edward L Gilbert C O L P A
Offices of Lawyers
Great Lakes Telecom, LLC
All Other Telecommunications
Razorleaf Government Solutions
Similar Companies near Akron
In the Akron area, 57 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 1) and received an average PPP loan of $224,874 (compared to this company's $15,900).
Similar Nearby Businesses Who Received PPP Funding:
John C. Collins Co., LPa
Skidmore & Associates, A Legal Professional And Association
Legal Defenders Office Of Summit County Ohio Inc
Perantinides & Nolan Co. Lpa
Renner Kenner Greive Bobak Taylor & Weber Co. Lpa
L Terrence Ufholz Attorney At Law
Buchanan Law Inc
Folk Enterprises Inc
Industry PPP Comparison Statistics
Nationwide, 200,503 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, 500% higher than Mcneil Law Firm LLC's reported 1 employees, and received an average PPP loan of $81,670, 414% higher than this company's loan of $15,900.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
Footnotes & Information
1. Estimations for informational purposes only. 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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