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PPP Loan Data — Parker Poe Adams & Bernstein, LLP,
Charlotte, NC
Parker Poe Adams & Bernstein, LLP
Entity: Limited Liability Partnership
Industry: Offices of Lawyers
Location: Charlotte, NC
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Parker Poe Adams & Bernstein, LLP is a limited liability partnership located at 401 South Tryon Street Suite 3000 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $5,625,000.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
295Loan Approved:
2020-04-10Lender:
TRUIST BANK D/B/A BRANCH BANKING & TRUST COParker Poe Adams & Bernstein, LLP received a Paycheck Protection Loan of $5.63M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
Based on standard PPP eligibility rules, Parker Poe Adams & Bernstein, LLP's total 2019 payroll expenses were approximately $27M in order to qualify for the PPP loan amount received.
Based on their reported 295 jobs retained, this equals an estimated average yearly compensation of $91,525 per employee1.
Business Information - Parker Poe Adams & Bernstein, LLP in Charlotte, NC
401 South Tryon Street Suite 3000
Charlotte, NC 28202
Business Industry
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: NC-12Similar Companies near Charlotte
In the Charlotte area, 89 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 295) and received an average PPP loan of $153,421 (compared to this company's $5.63M).
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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 Parker Poe Adams & Bernstein, LLP's reported 295 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $5.63M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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