PPP Loan Data — Nlogic LLC, Huntsville, AL
Nlogic LLC is a limited liability company (LLC) located at 4901 Corporate in Huntsville, Alabama that received a Coronavirus-related PPP loan from the SBA of $5,652,092.00 in April, 2020.
$ PPP Loan Information
Nlogic LLC received a Paycheck Protection Loan of $5.65M through BBVA USA, which was approved in April, 2020.
Based on standard PPP eligibility rules, Nlogic LLC's total 2019 payroll expenses were approximately $27.13M in order to qualify for the PPP loan amount received.
Based on their reported 310 jobs retained, this equals an estimated average yearly compensation of $87,516 per employee1.
Business Information - Nlogic LLC in Huntsville, AL
Huntsville, AL 35805
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: AL-05
Similar Companies near Huntsville
In the Huntsville area, 10 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 35 employees (compared to this company's 310) and received an average PPP loan of $618,484 (compared to this company's $5.65M).
Similar Nearby Businesses Who Received PPP Funding:
Waldrop & Associates, PC
Moore Compliance Law, PC
Pitman & Petro Accident And Injury Attorneys, LLC
Bill Hall & Associates, PC
Rahmati Law Firm, LLC
Morard & Company, Inc.
Sarah Taggart PC
Alabama Estate Planning Attorneys, LLC
Ray Uhrig DBA Uhrig Law Firm
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, 98% lower than Nlogic LLC's reported 310 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $5.65M.
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Footnotes & Information
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