PPP Loan Data — O'kelley & Sorohan, Attorneys At Law LLC, Duluth, GA
O'kelley & Sorohan, Attorneys At Law LLC is a limited liability company (LLC) located at 2170 Satelite Blvd Suite 375 in Duluth, Georgia that received a Coronavirus-related PPP loan from the SBA of $2,184,200.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 190 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Quantum National Bank
O'kelley & Sorohan, Attorneys At Law LLC in Duluth, GA received a Paycheck Protection Loan of $2.18M through Quantum National 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, O'kelley & Sorohan, Attorneys At Law LLC's 2019 payroll expenses are estimated to be at least $10.48M.
Based on their reported 190 jobs retained, this equals an estimated average yearly compensation of $55,180 per employee1
Reported PPP Proceed Usage:
On the PPP application, O'kelley & Sorohan, Attorneys At Law LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,184,200
Business Information - O'kelley & Sorohan, Attorneys At Law LLC in Duluth, GA
2170 Satelite Blvd Suite 375
Duluth, GA 30097
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Duluth
In the Duluth area, 116 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 190) and received an average PPP loan of $98,989 (compared to this company's $2.18M).
Similar Nearby Businesses Who Received PPP Funding:
Jennifer C Pinson Harvey PC
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William L. Kidd, PC
The Law Office Of Linh DO, LLC
Sharmila Nambiar, Attorney
Kim & Park Law LLC
Lain Law Firm, LLC
Woon Kim Law Group, PC
Jeong & Associates, LLC
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, 97% lower than O'kelley & Sorohan, Attorneys At Law LLC's reported 190 employees, and received an average PPP loan of $81,518, 96% lower than this company's loan of $2.18M.
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Footnotes & Information
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