PPP Loan Data — Osborn Maledon PA, Phoenix, AZ
Osborn Maledon PA is a professional association located at 2929 N Central Ave 21 Floor in Phoenix, Arizona that received a Coronavirus-related PPP loan from the SBA of $1,924,700.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BOKF, National Association
Osborn Maledon PA in Phoenix, AZ received a Paycheck Protection Loan of $1.92M through BOKF, National Association, 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 April, 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, Osborn Maledon PA's 2019 payroll expenses are estimated to be at least $9.24M.
Based on their reported 93 jobs retained, this equals an estimated average yearly compensation of $99,339 per employee1
Reported PPP Proceed Usage:
On the PPP application, Osborn Maledon PA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,924,700
Business Information - Osborn Maledon PA in Phoenix, AZ
2929 N Central Ave 21 Floor
Phoenix, AZ 85012
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 Phoenix
In the Phoenix area, 184 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 93) and received an average PPP loan of $110,423 (compared to this company's $1.92M).
Similar Nearby Businesses Who Received PPP Funding:
Stegall Katz & Whitaker PC
Kent Law Group
Law Offices Of David F. Gaona, PC
Plattner Verderame, PC
Hammerman & Hultgren, PC
Law Office Of Magaly Fontes, PLLC
Burguan Law PLLC
Jess A. Lorona, Inc
Law Office Of Darshak C Shah PLLC
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 Osborn Maledon PA's reported 93 employees, and received an average PPP loan of $81,518, 96% lower than this company's loan of $1.92M.
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Footnotes & Information
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