PPP Loan Data — Parker Poe Adams & Bernstein, LLP, Charlotte, NC
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
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Parker 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
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-12
Similar 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).
Similar Nearby Businesses Who Received PPP Funding:
The Schattenfield Law Firm, PLLC
The Justice Firm
The Law Office Of Charles Anderson, Jr.
The Law Office Of Chris Clark, PLLC
Fink And Hayes, PLLC
Ross & Hoel, PA
Queen City Court Reporting
Norwood, Armstrong & Stokes, PLLC
Law Office Of M. Timothy Porterfield
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
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!