PPP Loan Data — Odis R. Hill, PC, Longview, TX
Odis R. Hill, PC is a subchapter s corporation located at 211 N Center St in Longview, Texas that received a Coronavirus-related PPP loan from the SBA of $47,123.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Odis R. Hill, PC in Longview, TX received a Paycheck Protection Loan of $47,123 through Southside Bank, which was approved in April, 2020.
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, Odis R. Hill, PC's 2019 payroll expenses are estimated to be at least $226,190.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $75,397 per employee1
Reported PPP Proceed Usage:
On the PPP application, Odis R. Hill, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $47,123
Business Information - Odis R. Hill, PC in Longview, TX
211 N Center St
Longview, TX 75601
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Longview
In the Longview area, 74 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 3) and received an average PPP loan of $47,778 (compared to this company's $47,123).
Similar Nearby Businesses Who Received PPP Funding:
Law Office Of Carol Cross Stone, PLLC
Glenn A Perry PC
Coghlan Crowson, LLP
Kroscher & Kroscher, PC
Hayward Rigano, Attorney At Law
Barrett S. Hunt, PLLC
Roscoe Daryll Bennett, Attorney At Law
Law Office Of Choy & Choy PLLC
Jones & Jones
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, 100% higher than Odis R. Hill, PC's reported 3 employees, and received an average PPP loan of $81,518, 73% higher than this company's loan of $47,123.
FederalPay's PPP Information Policy
Footnotes & Information
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