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

PPP Loan Data — The Lancione Law Firm, LLC, Rocky River, OH

ALERT: There are 2 PPP loans for a total of $107,008 in our database for businesses with the name "The Lancione Law Firm, LLC" in Rocky River, OH. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for The Lancione Law Firm, LLC
OH

The Lancione Law Firm, LLC

Entity: Limited Liability Company (LLC)

Industry: Financial Transactions Processing, Reserve, and Clearinghouse Activities

Location: Rocky River, OH

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The Lancione Law Firm, LLC is a limited liability company (LLC) located at 619 Linda St in Rocky River, Ohio that received a Coronavirus-related PPP loan from the SBA of $27,708.00 in February, 2021.

$ PPP Loan Information
Loan #9956268407

Loan Size:

$27,708

Jobs Retained:

6

Loan Approved:

2021-02-18

Loan Status:

Paid in Full or Forgiven

Lender:

Fountainhead SBF LLC

The Lancione Law Firm, LLC in Rocky River, OH received a Paycheck Protection Loan of $27,708 through Fountainhead SBF LLC, which was approved in February, 2021.

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 September, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, The Lancione Law Firm, LLC's 2019 payroll expenses are estimated to be at least $132,998.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $22,166 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Lancione Law Firm, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $27,707

Business Information - The Lancione Law Firm, LLC in Rocky River, OH

The Lancione Law Firm, LLC
619 Linda St
Rocky River, OH 44116

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cuyahoga County, OH — SBA Office 0549 — Congressional District: OH-09

Similar Companies near Rocky River

In the Rocky River area, 2 businesses in the "Financial Transactions Processing, Reserve, and Clearinghouse Activities" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 6) and received an average PPP loan of $24,270 (compared to this company's $27,708).

Similar Nearby Businesses Who Received PPP Funding:

Dara Garrett
Rocky River, OH

$20,832 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 4,314 businesses in the "Financial Transactions Processing, Reserve, and Clearinghouse Activities" industry received a total of $313.31M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 6 employees, the same amount reported by The Lancione Law Firm, LLC and received an average PPP loan of $72,627, 162% higher than this company's loan of $27,708.

SBA PPP loan data, payroll data, and salaries for The Lancione Law Firm, LLC
OH

The Lancione Law Firm, LLC

Entity: Limited Liability Company (LLC)

Industry: Legal Counsel and Prosecution

Location: Rocky River, OH

Search All PPP Data

The Lancione Law Firm, LLC is a limited liability company (LLC) located at 619 Linda Street in Rocky River, Ohio that received a Coronavirus-related PPP loan from the SBA of $79,300.00 in April, 2020.

$ PPP Loan Information
Loan #6864027201

Loan Size:

$79,300

Jobs Retained:

6

Loan Approved:

2020-04-28

Loan Status:

Paid in Full or Forgiven

Lender:

Fountainhead SBF LLC

The Lancione Law Firm, LLC in Rocky River, OH received a Paycheck Protection Loan of $79,300 through Fountainhead SBF LLC, 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 March, 2022.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, The Lancione Law Firm, LLC's 2019 payroll expenses are estimated to be at least $380,640.

Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $63,440 per employee1

Reported PPP Proceed Usage:

On the PPP application, The Lancione Law Firm, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $79,300

Business Information - The Lancione Law Firm, LLC in Rocky River, OH

The Lancione Law Firm, LLC
619 Linda Street
Rocky River, OH 44116

Business Industry:
Legal Counsel and Prosecution
NAICS code 922130

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Cuyahoga County, OH — SBA Office 0549 — Congressional District: OH-16

Similar Companies near Rocky River

In the Rocky River area, 7 businesses in the "Legal Counsel and Prosecution" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 6) and received an average PPP loan of $79,205 (compared to this company's $79,300).

Industry PPP Comparison Statistics

Nationwide, 9,052 businesses in the "Legal Counsel and Prosecution" industry received a total of $544.18M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 4 employees, 33% lower than The Lancione Law Firm, LLC's reported 6 employees, and received an average PPP loan of $60,117, 24% lower than this company's loan of $79,300.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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Source: www.federalpay.org/paycheck-protection-program/the-lancione-law-firm-llc-rocky-river-oh