PPP Loan Data — The Spoja Law Firm PC, Denver, CO
The Spoja Law Firm PC is a limited liability partnership located at 600 Grant St Ste 201 in Denver, Colorado that received a Coronavirus-related PPP loan from the SBA of $25,280.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
The Spoja Law Firm PC in Denver, CO received a Paycheck Protection Loan of $25,280 through BBVA USA, 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 June, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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 Spoja Law Firm PC's 2019 payroll expenses are estimated to be at least $121,344.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,672 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Spoja Law Firm PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,280
Business Information - The Spoja Law Firm PC in Denver, CO
600 Grant St Ste 201
Denver, CO 80203
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Denver
In the Denver area, 424 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 2) and received an average PPP loan of $168,074 (compared to this company's $25,280).
Similar Nearby Businesses Who Received PPP Funding:
Shazam Kianpour & Associates PC
Mcclure & Eggleston, LLC
David P. Kozma, Attorney At Law
Benezra & Culver PC
Buechler Law Office, LLC
Levine + Associates, LLC
Horowitz Law PC
Industry PPP Comparison Statistics
Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B 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, 200% higher than The Spoja Law Firm PC's reported 2 employees, and received an average PPP loan of $81,518, 222% higher than this company's loan of $25,280.
FederalPay's PPP Information Policy
Footnotes & Information
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