PPP Loan Data — Schafer Group LTD LLC, Metairie, LA
Schafer Group LTD LLC is a subchapter s corporation located at 701 Aurora Ave. in Metairie, Louisiana that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in April, 2020.
The company has reported itself as a male owned business.
$ PPP Loan Information
Jobs Retained:0 Unreported
Lender:CAPITAL ONE, NATIONAL ASSOCIATION
Schafer Group LTD LLC received a Paycheck Protection Loan of $20,833 through CAPITAL ONE, NATIONAL ASSOCIATION, which was approved in April, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, Schafer Group LTD LLC's total 2019 payroll expenses were approximately $99,998 in order to qualify for the PPP loan amount received.
Unlike most businesses, Schafer Group LTD LLC'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 - Schafer Group LTD LLC in Metairie, LA
701 Aurora Ave.
Metairie, LA 70005
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: UnreportedCongressional District: LA-01
Similar Companies near Metairie
In the Metairie area, 29 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 0) and received an average PPP loan of $248,379 (compared to this company's $20,833).
Similar Nearby Businesses Who Received PPP Funding:
Richard A Melancon Apac
Stanley J Mongrue, CPA,APC
Robert J Logreco, CPA, LLC
Sylvia P Imbornone
Vanderbrook And Co, LLC CPAS
Patricia O Kemp
Pechon & Pechon, LLC
Randy M Brunet CPA PC
Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, and received an average PPP loan of $88,968, 327% higher than this company's loan of $20,833.
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. FederalPay does not modify the data and makes no claims regarding its accuracy.
Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.
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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