FederalPay.org
PPP Loan Data — Morgan & Morgan Jacksonville Management, Inc.,
Jacksonville, FL
Morgan & Morgan Jacksonville Management, Inc.
Entity: Subchapter S Corporation
Industry: Office Administrative Services
Location: Jacksonville, FL
Tweet This
•
Search All PPP Data
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
Loan Size:
Jobs Retained:
334Loan Approved:
2020-04-10Lender:
BBVA USAMorgan & 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
Business Industry
Office Administrative Services (NAICS code 561110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: FL-05Similar 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
Jacksonville, FL
Threshold Discovery
Jacksonville, FL
Riverside Asset Management, Inc.
Jacksonville, FL
Hester Group
Jacksonville, FL
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.
Have FederalPay.org's open data tools been valuable? Consider donating!