PPP Loan Data — W Brett Pouncey Atty At Law, Birmingham, AL
W Brett Pouncey Atty At Law is a sole proprietorship located at 513 Richard Arrington Jr. Blvd in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $46,132.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
W Brett Pouncey Atty At Law in Birmingham, AL received a Paycheck Protection Loan of $46,132 through BBVA USA, which was approved in April, 2020.
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, W Brett Pouncey Atty At Law's 2019 payroll expenses are estimated to be at least $221,434.
Based on their reported 6 jobs retained, this equals an estimated average yearly compensation of $36,906 per employee1
Reported PPP Proceed Usage:
On the PPP application, W Brett Pouncey Atty At Law reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $44,132
- Utilities: $1,000
- Rent: $1,000
Business Information - W Brett Pouncey Atty At Law in Birmingham, AL
513 Richard Arrington Jr. Blvd
Birmingham, AL 35203
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Birmingham
In the Birmingham area, 236 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 6) and received an average PPP loan of $167,900 (compared to this company's $46,132).
Similar Nearby Businesses Who Received PPP Funding:
Mudd Bolvig Luke & Wells LLC
Marcus A. Jones III PC
Burge And Burge PC
Ketcham Law LLC
John W Clark IV
Frederick Mott Garfield
Maples And Jacobs LLC
Nettles Han Law, LLC
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, the same amount reported by W Brett Pouncey Atty At Law and received an average PPP loan of $81,518, 77% higher than this company's loan of $46,132.
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Footnotes & Information
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