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PPP Loan Data — The Lapidus Law Firm PLLC,
Washington, DC
The Lapidus Law Firm PLLC
Entity: Limited Liability Company (LLC)
Industry: Offices of Lawyers
Location: Washington, DC
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The Lapidus Law Firm PLLC is a limited liability company (LLC) located at 1900 M St #350 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $59,500.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least three people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
3Loan Approved:
2020-05-22Lender:
DR BANKThe Lapidus Law Firm PLLC received a Paycheck Protection Loan of $59,500 through DR BANK, which was approved in May, 2020.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 0.
Based on standard PPP eligibility rules, The Lapidus Law Firm PLLC's total 2019 payroll expenses were approximately $285,600 in order to qualify for the PPP loan amount received.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $95,200 per employee1.
Business Information - The Lapidus Law Firm PLLC in Washington, DC
1900 M St #350
Washington, DC 20036
Business Industry
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: DC-Similar Companies near Washington
In the Washington area, 171 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 3) and received an average PPP loan of $234,951 (compared to this company's $59,500).
Similar Nearby Businesses Who Received PPP Funding:
Snider & Weinstein PLLC
Washington, DC
Passman & Kaplan, PC
Washington, DC
Coburn & Greenbaum, PLLC
Washington, DC
Heller Huron Chertkof & Salzman Pll
Washington, DC
Law Office Of Sebastian Krop
Washington, DC
Mirsky & Company, PLLC
Washington, DC
RK Invest Law, Pbc
Washington, DC
Bedi & Martinez Attorneys At Law
Washington, DC
Fahrenholz & Horrell LLP
Washington, DC
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, 100% higher than The Lapidus Law Firm PLLC's reported 3 employees, and received an average PPP loan of $94,010, 58% higher than this company's loan of $59,500.
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.
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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