PPP Loan Data — Richard M Kemmer Jr PC, Centreville, AL
Richard M Kemmer Jr PC is a corporation located at 1124 Walnut St in Centreville, Alabama that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Richard M Kemmer Jr PC in Centreville, AL received a Paycheck Protection Loan of $25,200 through Renasant Bank, which was approved in April, 2020.
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, Richard M Kemmer Jr PC's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Richard M Kemmer Jr PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,200
Business Information - Richard M Kemmer Jr PC in Centreville, AL
1124 Walnut St
Centreville, AL 35042
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: Rural
Similar Companies near Centreville
In the Centreville area, 8 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 4) and received an average PPP loan of $38,756 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Real Law Firm, LLC
Tacara Lee Sabir Law Firm, LLC
Boardman, Carr, Petelos, Watkins & Ogle, PC
Tacara Lee Sabir Law Firm
Johnson Law Firm, LLC
Michael L Murphy, Attorney At Law
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, 50% higher than Richard M Kemmer Jr PC's reported 4 employees, and received an average PPP loan of $81,518, 223% higher than this company's loan of $25,200.
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Footnotes & Information
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