PPP Loan Data — Reifel Law Firm, PLLC, Houston, TX
Reifel Law Firm, PLLC is a limited liability company (LLC) located in Houston, Texas that received a Coronavirus-related PPP loan from the SBA of $25,000.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Reifel Law Firm, PLLC in Houston, TX received a Paycheck Protection Loan of $25,000 through JPMorgan Chase Bank, National Association, which was approved in June, 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, Reifel Law Firm, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Utilities: $2,500
- Rent: $2,500
Business Information - Reifel Law Firm, PLLC in Houston, TX
* Full address is redacted to protect the privacy of individuals.
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Houston
In the Houston area, 483 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 1) and received an average PPP loan of $105,104 (compared to this company's $25,000).
Similar Nearby Businesses Who Received PPP Funding:
Michael Stout Wright
AB Lopez Law Group PLLC
Roberts Markel Weinberg Butler Hailey PC
Pete Dailey & Associates Inc
Stephanie Mudgett Boates PC
James M Stautberg, Attorney At Law
Law Office Of Pejman Maadani PLLC
Bailey Cowan Heckaman PLLC
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 Reifel Law Firm, PLLC's reported 1 employees, and received an average PPP loan of $81,518, 226% higher than this company's loan of $25,000.
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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