PPP Loan Data — Roetzel & Andress, A Legal Professional Association, Akron, OH
Roetzel & Andress, A Legal Professional Association is a corporation located at 222 South Main Street in Akron, Ohio that received a Coronavirus-related PPP loan from the SBA of $5,564,000.00 in April, 2020.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:PNC BANK, NATIONAL ASSOCIATION
Roetzel & Andress, A Legal Professional Association received a Paycheck Protection Loan of $5.56M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Roetzel & Andress, A Legal Professional Association's total 2019 payroll expenses were approximately $26.71M in order to qualify for the PPP loan amount received.
Unlike most businesses, Roetzel & Andress, A Legal Professional Association's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.
Business Information - Roetzel & Andress, A Legal Professional Association in Akron, OH
222 South Main Street
Akron, OH 44308
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: OH-11
Similar Companies near Akron
In the Akron area, 37 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 0) and received an average PPP loan of $292,426 (compared to this company's $5.56M).
Similar Nearby Businesses Who Received PPP Funding:
Roderick Linton Belfance LLP
John C Collins Co, LPA
Community Legal Aid Services Inc
Leonard & Terzola Co LTD
Thomas M Bauer
Davis Law Group LLC
Fickes Law Offices LLC
Scanlon & Co Lpa
Michael T Callahan
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, and received an average PPP loan of $94,010, 98% lower than this company's loan of $5.56M.
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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