PPP Loan Data — Morris James, LLP, Wilmington, DE
Morris James, LLP is a limited liability partnership located at 500 Delaware Ave in Wilmington, Delaware that received a Coronavirus-related PPP loan from the SBA of $3,276,025.00 in April, 2020.
$ PPP Loan Information
Lender:WILMINGTON SAVINGS FUND SOCIETY, FSB
Morris James, LLP in Wilmington, DE received a Paycheck Protection Loan of $3.28M through WILMINGTON SAVINGS FUND SOCIETY, FSB, which was approved in April, 2020.
Based on standard PPP eligibility rules, Morris James, LLP's total 2019 payroll expenses were approximately $15.72M in order to qualify for the PPP loan amount received.
Based on their reported 162 jobs retained, this equals an estimated average yearly compensation of $97,067 per employee1.
Business Information - Morris James, LLP in Wilmington, DE
500 Delaware Ave
Wilmington, DE 19801
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: DE-
Similar Companies near Wilmington
In the Wilmington area, 66 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 162) and received an average PPP loan of $275,443 (compared to this company's $3.28M).
Similar Nearby Businesses Who Received PPP Funding:
The Stewart Law Firm LLLP
Elzufon Austin & Mondell, PA
Sullivan Hazeltine Allinson LLC
Jacobs & Crumplar PA
Eugene J Maurer, Jr, PA
Law Office Of Bayard Marin
Cooch And Taylor, PA
Cross & Simon LLC
Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 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, 96% lower than Morris James, LLP's reported 162 employees, and received an average PPP loan of $94,010, 97% lower than this company's loan of $3.28M.
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, 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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