PPP Loan Data — Semmes, Bowen & Semmes, A Professional Corporation, Baltimore, MD
Semmes, Bowen & Semmes, A Professional Corporation is a corporation located at 25 S Charles St, Suite 1400 in Baltimore, Maryland that received a Coronavirus-related PPP loan from the SBA of $2,852,000.00 in April, 2020.
$ PPP Loan Information
Lender:PEOPLESBANK, A CODORUS VALLEY COMPANY
Semmes, Bowen & Semmes, A Professional Corporation in Baltimore, MD received a Paycheck Protection Loan of $2.85M through PEOPLESBANK, A CODORUS VALLEY COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Semmes, Bowen & Semmes, A Professional Corporation's total 2019 payroll expenses were approximately $13.69M in order to qualify for the PPP loan amount received.
Based on their reported 164 jobs retained, this equals an estimated average yearly compensation of $83,473 per employee1.
Business Information - Semmes, Bowen & Semmes, A Professional Corporation in Baltimore, MD
25 S Charles St, Suite 1400
Baltimore, MD 21201
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MD-07
Similar Companies near Baltimore
In the Baltimore area, 208 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 16 employees (compared to this company's 164) and received an average PPP loan of $286,805 (compared to this company's $2.85M).
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Thomas & Libowitz A Professional Association
Mering & Schlitz, LLC
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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, 96% lower than Semmes, Bowen & Semmes, A Professional Corporation's reported 164 employees, and received an average PPP loan of $94,010, 97% lower than this company's loan of $2.85M.
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Footnotes & Information
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