PPP Loan Data — Patricia Scott Law, Aplc, Alameda, CA
Patricia Scott Law, Aplc is a subchapter s corporation located at Ste 2 2258 Santa Clara Ave in Alameda, California that received a Coronavirus-related PPP loan from the SBA of $46,045.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
Patricia Scott Law, Aplc in Alameda, CA received a Paycheck Protection Loan of $46,045 through Cross River Bank, 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, Patricia Scott Law, Aplc's 2019 payroll expenses are estimated to be at least $221,016.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $55,254 per employee1
Reported PPP Proceed Usage:
On the PPP application, Patricia Scott Law, Aplc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $46,045
Business Information - Patricia Scott Law, Aplc in Alameda, CA
Ste 2 2258 Santa Clara Ave
Alameda, CA 94501
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Alameda
In the Alameda area, 65 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 4) and received an average PPP loan of $125,745 (compared to this company's $46,045).
Similar Nearby Businesses Who Received PPP Funding:
Daniel Balsam Attorney At Law
The Peebles Lawyers Inc
Kidd Carr LLP
Law Offices Of Clifford R. Lancaster
Weinberg Roger & Rosenfeld, A PC
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, 50% higher than Patricia Scott Law, Aplc's reported 4 employees, and received an average PPP loan of $81,518, 77% higher than this company's loan of $46,045.
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Footnotes & Information
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