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PPP Loan Data — Spencer Fane LLP,
Kansas City, MO
Spencer Fane LLP
Entity: Limited Liability Partnership
Industry: Offices of Lawyers
Location: Kansas City, MO
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Spencer Fane LLP is a limited liability partnership located at 1000 Walnut Street, Ste 1400 in Kansas City, Missouri that received a Coronavirus-related PPP loan from the SBA of $8,201,100.00 in April, 2020.
The company has reported itself as a female owned business.
$ PPP Loan Information
Loan Size:
Jobs Retained:
0 UnreportedLoan Approved:
2020-04-07Lender:
UMB BANK, NATIONAL ASSOCIATIONSpencer Fane LLP in Kansas City, MO received a Paycheck Protection Loan of $8.2M through UMB BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Spencer Fane LLP's total 2019 payroll expenses were approximately $39.37M in order to qualify for the PPP loan amount received.
Unlike most businesses, Spencer Fane LLP'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 - Spencer Fane LLP in Kansas City, MO
1000 Walnut Street, Ste 1400
Kansas City, MO 64106
Business Industry
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: Unreported
Congressional District: MO-05Similar Companies near Kansas City
In the Kansas City area, 82 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 0) and received an average PPP loan of $205,390 (compared to this company's $8.2M).
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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, and received an average PPP loan of $94,010, 99% lower than this company's loan of $8.2M.
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, 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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