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PPP Loan Data — Resnick And Louis PC,
Scottsdale, AZ
Resnick And Louis PC
Entity: Limited Liability Partnership
Industry: Offices of Lawyers
Location: Scottsdale, AZ
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Resnick And Louis PC is a limited liability partnership located at 8111 E Indian Bend Rd in Scottsdale, Arizona that received a Coronavirus-related PPP loan from the SBA of $2,532,170.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
200Loan Approved:
2020-04-06Lender:
STEARNS BANK NATIONAL ASSOCIATIONResnick And Louis PC received a Paycheck Protection Loan of $2.53M through STEARNS BANK NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Resnick And Louis PC's total 2019 payroll expenses were approximately $12.15M in order to qualify for the PPP loan amount received.
Based on their reported 200 jobs retained, this equals an estimated average yearly compensation of $60,772 per employee1.
Business Information - Resnick And Louis PC in Scottsdale, AZ
8111 E Indian Bend Rd
Scottsdale, AZ 85250
Business Industry
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: AZ-06Similar Companies near Scottsdale
In the Scottsdale area, 84 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 200) and received an average PPP loan of $124,935 (compared to this company's $2.53M).
Similar Nearby Businesses Who Received PPP Funding:
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Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 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, 97% lower than Resnick And Louis PC's reported 200 employees, and received an average PPP loan of $94,010, 96% lower than this company's loan of $2.53M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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