PPP Loan Data — Paul S Cosgrove, PC, Vancouver, WA
Paul S Cosgrove, PC is a subchapter s corporation located at 6211 Buena Dr in Vancouver, Washington that received a Coronavirus-related PPP loan from the SBA of $24,837.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:U.S. Bank, National Association
Paul S Cosgrove, PC in Vancouver, WA received a Paycheck Protection Loan of $24,837 through U.S. Bank, National Association, which was approved in May, 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 January, 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, Paul S Cosgrove, PC's 2019 payroll expenses are estimated to be at least $119,218.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,609 per employee1
Reported PPP Proceed Usage:
On the PPP application, Paul S Cosgrove, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,837
Business Information - Paul S Cosgrove, PC in Vancouver, WA
6211 Buena Dr
Vancouver, WA 98661
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Vancouver
In the Vancouver area, 106 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $59,088 (compared to this company's $24,837).
Similar Nearby Businesses Who Received PPP Funding:
Sean A Nicholson
Maggie Smith Evansen Ps
Conway Law PLLC
Nancy Retsinas PC
Rebecca Alley's Interpreting, Inc
The Petersen Law Firm PLLC
Greenen & Greenen, PLLC
Veterans Law Office Mary Anne Royle Ps Inc
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 Paul S Cosgrove, PC's reported 2 employees, and received an average PPP loan of $81,518, 228% higher than this company's loan of $24,837.
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Footnotes & Information
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