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 Pressley Firm, Washington, DC

SBA PPP loan data, payroll data, and salaries for The Pressley Firm
DC

The Pressley Firm

Entity: Limited Liability Company (LLC)

Industry: Administrative Management and General Management Consulting Services

Location: Washington, DC

Search All PPP Data

The Pressley Firm is a limited liability company (LLC) located in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $20,800.00 in July, 2020.

The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #5942438106

Loan Size:

$20,800

Jobs Retained:

1

Loan Approved:

2020-07-20

Loan Status:

Ongoing Loan

Lender:

MBE Capital Partners

The Pressley Firm in Washington, DC received a Paycheck Protection Loan of $20,800 through MBE Capital Partners, which was approved in July, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

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

  • Payroll: $20,800

Business Information - The Pressley Firm in Washington, DC

The Pressley Firm
Washington, DC
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

District Of Columbia County, DC — SBA Office 0353 — Congressional District: DC-

Similar Companies near Washington

In the Washington area, 70 businesses in the "Administrative Management and General Management Consulting Services" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 1) and received an average PPP loan of $299,591 (compared to this company's $20,800).

Industry PPP Comparison Statistics

Nationwide, 94,773 businesses in the "Administrative Management and General Management Consulting Services" industry received a total of $5.51B 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 5 employees, 400% higher than The Pressley Firm's reported 1 employees, and received an average PPP loan of $58,139, 180% higher than this company's loan of $20,800.

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.


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/the-pressley-firm-washington-dc