PPP Loan Data — Reisenfeld & Associates LLC, Cincinnati, OH
Reisenfeld & Associates LLC is a limited liability company (LLC) located at 3962 Red Bank Rd in Cincinnati, Ohio that received a Coronavirus-related PPP loan from the SBA of $1,781,900.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:First Financial Bank
Reisenfeld & Associates LLC in Cincinnati, OH received a Paycheck Protection Loan of $1.78M through First Financial Bank, which was approved 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, Reisenfeld & Associates LLC's 2019 payroll expenses are estimated to be at least $8.55M.
Based on their reported 145 jobs retained, this equals an estimated average yearly compensation of $58,987 per employee1
Reported PPP Proceed Usage:
On the PPP application, Reisenfeld & Associates LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,781,894
- Utilities: $1
Business Information - Reisenfeld & Associates LLC in Cincinnati, OH
3962 Red Bank Rd
Cincinnati, OH 45227
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 Cincinnati
In the Cincinnati area, 14 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 145) and received an average PPP loan of $310,724 (compared to this company's $1.78M).
Similar Nearby Businesses Who Received PPP Funding:
Scoggins Law LLC
Law Offices Of Richard G. Wendel, II, LLC
Griffin Fletcher & Herndon LLP
Rivertowne Title LLC
Reisenfeld And Associates, LLC
Jones Kahan Law, LLC
Robert F. Croskery & Associates LLP
The Zamary Law Firm, LLC
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, 96% lower than Reisenfeld & Associates LLC's reported 145 employees, and received an average PPP loan of $81,518, 95% lower than this company's loan of $1.78M.
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Footnotes & Information
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