PPP Loan Data — Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP, Raleigh, NC
Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP is a partnership located at 150 Fayetteville St in Raleigh, North Carolina that received a Coronavirus-related PPP loan from the SBA of $4,627,000.00 in April, 2020.
$ PPP Loan Information
Lender:FIRST-CITIZENS BANK & TRUST COMPANY
Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP received a Paycheck Protection Loan of $4.63M through FIRST-CITIZENS BANK & TRUST COMPANY, which was approved in April, 2020.
Based on standard PPP eligibility rules, Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP's total 2019 payroll expenses were approximately $22.21M in order to qualify for the PPP loan amount received.
Based on their reported 224 jobs retained, this equals an estimated average yearly compensation of $99,150 per employee1.
Business Information - Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP in Raleigh, NC
150 Fayetteville St
Raleigh, NC 27601
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: NC-04
Similar Companies near Raleigh
In the Raleigh area, 68 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 10 employees (compared to this company's 224) and received an average PPP loan of $265,087 (compared to this company's $4.63M).
Similar Nearby Businesses Who Received PPP Funding:
The Law Office Of Christopher R Detwiler, PLLC
Shanahan Law Group PLLC
Anderson Jones And Gengo PLLC
Schwartz & Shaw, PLLC
Bailey & Dixon, LLP
The Lloyd Law Firm LLC
Tharrington & Smith
Law Office Of Benjamin G Brown Jr
Wilson Law, PA
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, 97% lower than Smith, Anderson, Blount, Dorsett, Mitchell & Jernigan, LLP's reported 224 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $4.63M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!