PPP Loan Data — Puget Sound Family Law PLLC, Seattle, WA
Puget Sound Family Law PLLC is a limited liability company (LLC) located in Seattle, Washington that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Puget Sound Family Law PLLC in Seattle, WA received a Paycheck Protection Loan of $25,300 through HomeStreet Bank, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, Puget Sound Family Law PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Puget Sound Family Law PLLC in Seattle, WA
* Full address is redacted to protect the privacy of individuals.
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Seattle
In the Seattle area, 39 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 1) and received an average PPP loan of $42,402 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Skookum Law Group, PLLC
Law Office Of Nicole K. Mcgrath PLLC
Malone And Associates Ps
Rooke Law, PLLC
Rosche Immigration Law PLLC
Peter F Cowles Law Firm
James J Purcell
Kathryn A. Ellis EsqPLLC
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, 500% higher than Puget Sound Family Law PLLC's reported 1 employees, and received an average PPP loan of $81,518, 222% higher than this company's loan of $25,300.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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