PPP Loan Data — Verrill & Dana LLP, Portland, ME
Verrill & Dana LLP is a limited liability partnership located at 1 Portland Sq in Portland, Maine that received a Coronavirus-related PPP loan from the SBA of $3,323,865.00 in April, 2020.
$ PPP Loan Information
Lender:BANK OF AMERICA, NATIONAL ASSOCIATION
Verrill & Dana LLP in Portland, ME received a Paycheck Protection Loan of $3.32M through BANK OF AMERICA, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Verrill & Dana LLP's total 2019 payroll expenses were approximately $15.95M in order to qualify for the PPP loan amount received.
Based on their reported 193 jobs retained, this equals an estimated average yearly compensation of $82,666 per employee1.
Business Information - Verrill & Dana LLP in Portland, ME
1 Portland Sq
Portland, ME 04101
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: ME-01
Similar Companies near Portland
In the Portland area, 100 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 15 employees (compared to this company's 193) and received an average PPP loan of $285,520 (compared to this company's $3.32M).
Similar Nearby Businesses Who Received PPP Funding:
Law Offices Of Dylan Boyd, PLLC
Van Meer & Belanger, PA
Thompson Bowie & Hatch LLC
Taylor, Mccormack & Frame, LLC
Bernstein, Shur, Sawyer & Nelson, PA
Branson Law Office PA-Sba Small 7A Term
Preti, Flaherty, Belveau & Pachios, Chartered, LLP
Carlin & Shapiro, PA
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, 97% lower than Verrill & Dana LLP's reported 193 employees, and received an average PPP loan of $94,010, 97% lower than this company's loan of $3.32M.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!