PPP Loan Data — Miller Flannery Law, LLC, Lawrenceburg, IN
Miller Flannery Law, LLC is a limited liability company (LLC) located at 318 Walnut St in Lawrenceburg, Indiana that received a Coronavirus-related PPP loan from the SBA of $46,697.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Friendship State Bank
Miller Flannery Law, LLC in Lawrenceburg, IN received a Paycheck Protection Loan of $46,697 through The Friendship State Bank, which was approved in April, 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 March, 2021.
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, Miller Flannery Law, LLC's 2019 payroll expenses are estimated to be at least $224,146.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $56,037 per employee1
Reported PPP Proceed Usage:
On the PPP application, Miller Flannery Law, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,697
Business Information - Miller Flannery Law, LLC in Lawrenceburg, IN
318 Walnut St
Lawrenceburg, IN 47025
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Rural
Similar Companies near Lawrenceburg
In the Lawrenceburg area, 8 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 4) and received an average PPP loan of $20,558 (compared to this company's $46,697).
Similar Nearby Businesses Who Received PPP Funding:
Sorge Law Firm
Sarapata & Associates
The Zerbe Firm LLC
The Zerbe Firm
Ewan Law Firm LLC
Ewbank & Kramer
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, 50% higher than Miller Flannery Law, LLC's reported 4 employees, and received an average PPP loan of $81,518, 75% higher than this company's loan of $46,697.
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Footnotes & Information
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