PPP Loan Data — Ramirez & Kain LLC, Boston, MA
Ramirez & Kain LLC is a limited liability company (LLC) located at 50 Congress Street Suite 200 in Boston, Massachusetts that received a Coronavirus-related PPP loan from the SBA of $25,418.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Cross River Bank
Ramirez & Kain LLC in Boston, MA received a Paycheck Protection Loan of $25,418 through Cross River Bank, 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 February, 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, Ramirez & Kain LLC's 2019 payroll expenses are estimated to be at least $122,006.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,669 per employee1
Reported PPP Proceed Usage:
On the PPP application, Ramirez & Kain LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,418
Business Information - Ramirez & Kain LLC in Boston, MA
50 Congress Street Suite 200
Boston, MA 2109
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Boston
In the Boston area, 333 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 3) and received an average PPP loan of $133,710 (compared to this company's $25,418).
Similar Nearby Businesses Who Received PPP Funding:
Mcgregor & Legere PC
Lubin & Meyer, A Professional Corporation
Harris & Associates, PC
Boston, Ma, MA
Mcgovern Houston & Ganem
Sloane And Walsh A Professional Limited Liability
Rubin And Rudman LLP
Law Offices Of Robert W. Harrington, PC
Savitz Law Offices, 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, 100% higher than Ramirez & Kain LLC's reported 3 employees, and received an average PPP loan of $81,518, 221% higher than this company's loan of $25,418.
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Footnotes & Information
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