PPP Loan Data — Miller & Chevalier Chartered, Washington, DC
Miller & Chevalier Chartered is a corporation located at 900 16th St. Nw in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $3,937,594.00 in April, 2020.
$ PPP Loan Information
Lender:OLD DOMINION NATIONAL BANK
Miller & Chevalier Chartered in Washington, DC received a Paycheck Protection Loan of $3.94M through OLD DOMINION NATIONAL BANK, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 148 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 189.
Based on standard PPP eligibility rules, Miller & Chevalier Chartered's total 2019 payroll expenses were approximately $18.9M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 148 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Miller & Chevalier Chartered in Washington, DC
900 16th St. Nw
Washington, DC 20006
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: DC-
Similar Companies near Washington
In the Washington area, 241 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 148) and received an average PPP loan of $339,529 (compared to this company's $3.94M).
Similar Nearby Businesses Who Received PPP Funding:
O'Donnell, Schwartz & Anderson, PC
Mark Barnes Attorney At Law
Greenberg & Lieberman
The Employment Law Group
Law Office Of Courtney L. Weiner
Spiegel & Mcdiarmid LLP
Law Offices Of Douglas R. Stevens
Jorge A Salichs
Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 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, 96% lower than Miller & Chevalier Chartered's reported 148 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $3.94M.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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