PPP Loan Data — Nahon Saharovich & Trotz, Plc, Memphis, TN
Nahon Saharovich & Trotz, Plc is a limited liability company (LLC) located at 488 Mendenhall Rd in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $1,665,443.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Nahon Saharovich & Trotz, Plc in Memphis, TN received a Paycheck Protection Loan of $1.67M through BancorpSouth Bank, which was approved in April, 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 January, 2021.
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, Nahon Saharovich & Trotz, Plc's 2019 payroll expenses are estimated to be at least $7.99M.
Based on their reported 106 jobs retained, this equals an estimated average yearly compensation of $75,416 per employee1
Reported PPP Proceed Usage:
On the PPP application, Nahon Saharovich & Trotz, Plc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,665,443
Business Information - Nahon Saharovich & Trotz, Plc in Memphis, TN
488 Mendenhall Rd
Memphis, TN 38117
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Memphis
In the Memphis area, 66 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 106) and received an average PPP loan of $78,617 (compared to this company's $1.67M).
Similar Nearby Businesses Who Received PPP Funding:
Marcus Ward Sr
Howard R Peppel, Attorney
Davis & Greene PC
Brittenum Law PLLC
John Andre Chiapella-Attorney At Law
Russell Oliver & Stephens
Industry PPP Comparison Statistics
Nationwide, 200,895 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, 94% lower than Nahon Saharovich & Trotz, Plc's reported 106 employees, and received an average PPP loan of $81,518, 95% lower than this company's loan of $1.67M.
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Footnotes & Information
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