PPP Loan Data — Schwartz Law Firm, PC, Charlotte, NC
Schwartz Law Firm, PC is a subchapter s corporation located at 6100 Fairview Road, Suite 1135 in Charlotte, North Carolina that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Celtic Bank Corporation
Schwartz Law Firm, PC in Charlotte, NC received a Paycheck Protection Loan of $25,300 through Celtic Bank Corporation, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in June, 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, Schwartz Law Firm, PC's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, Schwartz Law Firm, PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $18,975
- Mortgage Interest: $6,325
Business Information - Schwartz Law Firm, PC in Charlotte, NC
6100 Fairview Road, Suite 1135
Charlotte, NC 28210
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 Charlotte
In the Charlotte area, 78 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 2) and received an average PPP loan of $107,305 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
The Wood Law Firm, PA
The Montgomery Law Firm PLLC
Mckaig & Mckaig PA
Law Office Of Kyle Fletcher PC
Tatum Law Firm PLLC
J Jerome Miller
Rose G Proto Attorney At Law LLC
Law Office Of Justice H Campbell PLLC
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, 200% higher than Schwartz Law Firm, PC's reported 2 employees, and received an average PPP loan of $81,518, 222% higher than this company's loan of $25,300.
FederalPay's PPP Information Policy
Footnotes & Information
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