PPP Loan Data — Michael T. Denious, Plc, Phoenix, AZ
Michael T. Denious, Plc is a subchapter s corporation located at 350 East Virginia Avenue Suite 100 in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $35,583.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Michael T. Denious, Plc in Phoenix, AZ received a Paycheck Protection Loan of $35,583 through Cross River 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, Michael T. Denious, Plc's 2019 payroll expenses are estimated to be at least $170,798.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $85,399 per employee1
Reported PPP Proceed Usage:
On the PPP application, Michael T. Denious, Plc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $35,583
Business Information - Michael T. Denious, Plc in Phoenix, AZ
350 East Virginia Avenue Suite 100
Phoenix, AZ 85004
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Phoenix
In the Phoenix area, 205 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 2) and received an average PPP loan of $201,337 (compared to this company's $35,583).
Similar Nearby Businesses Who Received PPP Funding:
Forrester Law Practice Plc
Ryley Carlock & Applewhite
Lewis And Lewis Trial Lawyers, Plc
Taylor & Associates PLLC
Merchant Law Firm PLLC
Kleinman Lesselyong Beltz & Kleinman Plc
Forrester & Worth, PLLC
Cima Law Group, PC
Jonathan Batchelor Plc
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 Michael T. Denious, Plc's reported 2 employees, and received an average PPP loan of $81,518, 129% higher than this company's loan of $35,583.
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Footnotes & Information
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