PPP Loan Data — Montgomery And Associates, PLLC, Boise, ID
Montgomery And Associates, PLLC is a limited liability company (LLC) located at 1760 N Mitchell St in Boise, Idaho that received a Coronavirus-related PPP loan from the SBA of $25,383.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Washington Federal Bank, National Association
Montgomery And Associates, PLLC in Boise, ID received a Paycheck Protection Loan of $25,383 through Washington Federal Bank, National Association, which was approved in April, 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, Montgomery And Associates, PLLC's 2019 payroll expenses are estimated to be at least $121,838.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,368 per employee1
Reported PPP Proceed Usage:
On the PPP application, Montgomery And Associates, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,383
Business Information - Montgomery And Associates, PLLC in Boise, ID
1760 N Mitchell St
Boise, ID 83704
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boise
In the Boise area, 15 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 5) and received an average PPP loan of $38,186 (compared to this company's $25,383).
Similar Nearby Businesses Who Received PPP Funding:
Knife In The Back LLC
FIT Club Investments
Dr Bryce T Bradley And Associates CPAs PLLC
Independent Data & Accounting Systems Inc
JQ Florence LLC
Simmons Clubb & Hodges, CPAs PLLC
Ronald James Peterson CPA LLC
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 6 employees, 20% higher than Montgomery And Associates, PLLC's reported 5 employees, and received an average PPP loan of $73,772, 191% higher than this company's loan of $25,383.
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Footnotes & Information
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