PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Stradley, Ronon, Stevens & Young, LLP, Philadelphia, PA

SBA PPP loan data, payroll data, and salaries for Stradley, Ronon, Stevens & Young, LLP
PA

Stradley, Ronon, Stevens & Young, LLP

Entity: Limited Liability Partnership

Industry: Offices of Lawyers

Location: Philadelphia, PA

Search All PPP Data

Stradley, Ronon, Stevens & Young, LLP is a limited liability partnership located at 2600 One Commerce Square in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,825,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.83M

Jobs Retained:

268

Loan Approved:

2020-04-11

Lender:

MERIDIAN BANK

Stradley, Ronon, Stevens & Young, LLP received a Paycheck Protection Loan of $4.83M through MERIDIAN BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Stradley, Ronon, Stevens & Young, LLP's total 2019 payroll expenses were approximately $23.16M in order to qualify for the PPP loan amount received.

Based on their reported 268 jobs retained, this equals an estimated average yearly compensation of $86,418 per employee1.

Because the loan received by Stradley, Ronon, Stevens & Young, LLP is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Stradley, Ronon, Stevens & Young, LLP in Philadelphia, PA

Stradley, Ronon, Stevens & Young, LLP
2600 One Commerce Square
Philadelphia, PA 19103

Business Industry

Offices of Lawyers (NAICS code 541110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: PA-03

Similar Companies near Philadelphia

In the Philadelphia area, 438 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 268) and received an average PPP loan of $298,977 (compared to this company's $4.83M).

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, 98% lower than Stradley, Ronon, Stevens & Young, LLP's reported 268 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $4.83M.

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.

Search FederalPay's Full PPP Loan Database

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/stradley-ronon-stevens-and-young-llp-philadelphia-pa