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PPP Loan Data — Valerie T. Mayer Law Offices PLLC, Louisville, KY

ALERT: There are 2 PPP loans for a total of $50,188 in our database for businesses with the name "Valerie T. Mayer Law Offices PLLC" in Louisville, KY. 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 Valerie T. Mayer Law Offices PLLC
KY

Valerie T. Mayer Law Offices PLLC

Entity: Subchapter S Corporation

Industry: Legal Counsel and Prosecution

Location: Louisville, KY

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Valerie T. Mayer Law Offices PLLC is a subchapter s corporation located at 2303 Hurstbourne Village Dr Ste 100 in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,094.00 in January, 2021.

The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #4719548303

Loan Size:

$25,094

Jobs Retained:

3

Loan Approved:

2021-01-23

Loan Status:

Ongoing Loan

Lender:

Citizens Union Bank of Shelbyville

Valerie T. Mayer Law Offices PLLC in Louisville, KY received a Paycheck Protection Loan of $25,094 through Citizens Union Bank of Shelbyville, which was approved in January, 2021.

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.

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, Valerie T. Mayer Law Offices PLLC's 2019 payroll expenses are estimated to be at least $120,451.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,150 per employee1

Reported PPP Proceed Usage:

On the PPP application, Valerie T. Mayer Law Offices PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,092
  • Utilities: $1

Business Information - Valerie T. Mayer Law Offices PLLC in Louisville, KY

Valerie T. Mayer Law Offices PLLC
2303 Hurstbourne Village Dr Ste 100
Louisville, KY 40299

Business Industry:
Legal Counsel and Prosecution
NAICS code 922130

Business Owner Demographics

Race: Unreported

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: N

HUBZone: N

Rural / Urban: Urban

Jefferson County, KY — SBA Office 0457 — Congressional District: KY-04

Industry PPP Comparison Statistics

Nationwide, 9,119 businesses in the "Legal Counsel and Prosecution" industry received a total of $556.3M 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% higher than Valerie T. Mayer Law Offices PLLC's reported 3 employees, and received an average PPP loan of $61,005, 143% higher than this company's loan of $25,094.

SBA PPP loan data, payroll data, and salaries for Valerie T. Mayer Law Offices, PLLC
KY

Valerie T. Mayer Law Offices, PLLC

Entity: Subchapter S Corporation

Industry: Legal Counsel and Prosecution

Location: Louisville, KY

Search All PPP Data

Valerie T. Mayer Law Offices, PLLC is a subchapter s corporation located at 914 Lily Creek Road Suite 102 in Louisville, Kentucky that received a Coronavirus-related PPP loan from the SBA of $25,094.00 in May, 2020.

The company has reported itself as a female owned business, and employed at least three people during the applicable loan loan period.

$ PPP Loan Information
Loan #6953997408

Loan Size:

$25,094

Jobs Retained:

3

Loan Approved:

2020-05-15

Loan Status:

Paid in Full or Forgiven

Lender:

Citizens Union Bank of Shelbyville

Valerie T. Mayer Law Offices, PLLC in Louisville, KY received a Paycheck Protection Loan of $25,094 through Citizens Union Bank of Shelbyville, which was approved in May, 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 January, 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, Valerie T. Mayer Law Offices, PLLC's 2019 payroll expenses are estimated to be at least $120,451.

Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,150 per employee1

Reported PPP Proceed Usage:

On the PPP application, Valerie T. Mayer Law Offices, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $25,094

Business Information - Valerie T. Mayer Law Offices, PLLC in Louisville, KY

Valerie T. Mayer Law Offices, PLLC
914 Lily Creek Road Suite 102
Louisville, KY 40243

Business Industry:
Legal Counsel and Prosecution
NAICS code 922130

Business Owner Demographics

Race: Unreported

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: N

HUBZone: N

Rural / Urban: Urban

Jefferson County, KY — SBA Office 0457 — Congressional District: KY-03

Similar Companies near Louisville

In the Louisville area, 2 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 3) and received an average PPP loan of $64,172 (compared to this company's $25,094).

Similar Nearby Businesses Who Received PPP Funding:

Poppe Law Firm PLLC
Louisville, KY

$103,250 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 9,119 businesses in the "Legal Counsel and Prosecution" industry received a total of $556.3M 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% higher than Valerie T. Mayer Law Offices, PLLC's reported 3 employees, and received an average PPP loan of $61,005, 143% higher than this company's loan of $25,094.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/valerie-t-mayer-law-offices-pllc-louisville-ky