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PPP Loan Data — Mitchell Cabot DBA Law Office Of Mitchell Cabot, New York, NY

SBA PPP loan data, payroll data, and salaries for Mitchell Cabot DBA Law Office Of Mitchell Cabot
NY

Mitchell Cabot DBA Law Office Of Mitchell Cabot

Entity: Sole Proprietorship

Industry: Offices of Lawyers

Location: New York, NY

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Mitchell Cabot DBA Law Office Of Mitchell Cabot is a sole proprietorship located in New York, New York that received a Coronavirus-related PPP loan from the SBA of $11,482.00 in June, 2020.

$ PPP Loan Information
Loan #4549378002

Loan Size:

$11,482

Jobs Retained:

1

Loan Approved:

2020-06-26

Loan Status:

Paid in Full or Forgiven

Lender:

Manufacturers and Traders Trust Company

Mitchell Cabot DBA Law Office Of Mitchell Cabot in New York, NY received a Paycheck Protection Loan of $11,482 through Manufacturers and Traders Trust Company, which was approved in June, 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.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Mitchell Cabot DBA Law Office Of Mitchell Cabot reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $11,482

Business Information - Mitchell Cabot DBA Law Office Of Mitchell Cabot in New York, NY

Mitchell Cabot DBA Law Office Of Mitchell Cabot
New York, NY
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Lawyers
NAICS code 541110

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

New York County, NY — SBA Office 0202 — Congressional District: NY-12

Businesses Using Same Address:

There are 2 other businesses that received a PPP loan registered to the same address as Mitchell Cabot DBA Law Office Of Mitchell Cabot.

Kelly Park Management LLC
Investment Advice

$23,803 PPP Loan

Center For Medicine In The Public Intere-Sba Small 7A Term
Offices of Physicians (except Mental Health Specialists)

$54,165 PPP Loan

Similar Companies near New York

In the New York area, 1,046 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 1) and received an average PPP loan of $159,409 (compared to this company's $11,482).

Industry PPP Comparison Statistics

Nationwide, 200,505 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 Mitchell Cabot DBA Law Office Of Mitchell Cabot's reported 1 employees, and received an average PPP loan of $81,670, 611% higher than this company's loan of $11,482.

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.

Search FederalPay's Full PPP Loan Database

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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Source: www.federalpay.org/paycheck-protection-program/mitchell-cabot-dba-law-office-of-mitchell-cabot-new-york-ny