PPP Loan Data — P Q Media LLC, Stamford, CT
P Q Media LLC is a limited liability company (LLC) located at 370 Hope Street Po Box 2815 in Stamford, Connecticut that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:People's United Bank, National Association
P Q Media LLC in Stamford, CT received a Paycheck Protection Loan of $25,000 through People's United Bank, 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 March, 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, P Q Media LLC's 2019 payroll expenses are estimated to be at least $120,000.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,000 per employee1
Reported PPP Proceed Usage:
On the PPP application, P Q Media LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,000
Business Information - P Q Media LLC in Stamford, CT
370 Hope Street Po Box 2815
Stamford, CT 6906
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 Stamford
In the Stamford area, 114 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 2) and received an average PPP loan of $52,056 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Law Offices Of Gary I. Cohen PC
Law Office Of Katherine Polak LLC
Cacace Tusch & Santagata
Joseph O'connor DBA Law Office Of Joseph T O'connor
Joel Muhlbaum, Esquire
Stuart B Ratner PC
Frank W Livolsi, Jr
John J Lacava 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, 200% higher than P Q Media LLC's reported 2 employees, and received an average PPP loan of $81,518, 226% higher than this company's loan of $25,000.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!