PPP Loan Data — Morgan & Morgan Jacksonville Management, Inc., Jacksonville, FL
Morgan & Morgan Jacksonville Management, Inc. is a subchapter s corporation located at 76 S. Laura Street in Jacksonville, Florida that received a Coronavirus-related PPP loan from the SBA of $3,497,565.00 in April, 2020.
$ PPP Loan Information
Morgan & Morgan Jacksonville Management, Inc. received a Paycheck Protection Loan of $3.5M through BBVA USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Morgan & Morgan Jacksonville Management, Inc.'s total 2019 payroll expenses were approximately $16.79M in order to qualify for the PPP loan amount received.
Based on their reported 334 jobs retained, this equals an estimated average yearly compensation of $50,264 per employee1.
Business Information - Morgan & Morgan Jacksonville Management, Inc. in Jacksonville, FL
76 S. Laura Street
Jacksonville, FL 32202
Office Administrative Services (NAICS code 561110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: FL-05
Similar Companies near Jacksonville
In the Jacksonville area, 5 businesses in the "Office Administrative Services" industry received a PPP loan. These local businesses reported an average of 69 employees (compared to this company's 334) and received an average PPP loan of $768,676 (compared to this company's $3.5M).
Similar Nearby Businesses Who Received PPP Funding:
Outstanding Contract Management LLC
Riverside Asset Management, Inc.
Industry PPP Comparison Statistics
Nationwide, 18,417 businesses in the "Office Administrative Services" industry received a total of $1,762,719,177.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 9 employees, 97% lower than Morgan & Morgan Jacksonville Management, Inc.'s reported 334 employees, and received an average PPP loan of $95,712, 97% lower than this company's loan of $3.5M.
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.
Footnotes & Information
1. 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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