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PPP Loan Data — Weber Gallagher Simpson Stapleton Fires & Newby, LLP, Philadelphia, PA

SBA PPP loan data, payroll data, and salaries for Weber Gallagher Simpson Stapleton Fires & Newby, LLP
PA

Weber Gallagher Simpson Stapleton Fires & Newby, LLP

Entity: Partnership

Industry: Offices of Lawyers

Location: Philadelphia, PA

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Weber Gallagher Simpson Stapleton Fires & Newby, LLP is a partnership located at 2000 Market St in Philadelphia, Pennsylvania that received a Coronavirus-related PPP loan from the SBA of $4,811,000.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 237 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.81M

Jobs Retained:

237

Loan Approved:

2020-04-11

Lender:

FIRSTRUST SAVINGS BANK

Weber Gallagher Simpson Stapleton Fires & Newby, LLP in Philadelphia, PA received a Paycheck Protection Loan of $4.81M through FIRSTRUST SAVINGS BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Weber Gallagher Simpson Stapleton Fires & Newby, LLP's total 2019 payroll expenses were approximately $23.09M in order to qualify for the PPP loan amount received.

Based on their reported 237 jobs retained, this equals an estimated average yearly compensation of $97,438 per employee1.

Because the loan received by Weber Gallagher Simpson Stapleton Fires & Newby, LLP is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Weber Gallagher Simpson Stapleton Fires & Newby, LLP in Philadelphia, PA

Weber Gallagher Simpson Stapleton Fires & Newby, LLP
2000 Market St
Philadelphia, PA 19103

Business Industry

Offices of Lawyers (NAICS code 541110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: PA-03

Similar Companies near Philadelphia

In the Philadelphia area, 438 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 237) and received an average PPP loan of $298,977 (compared to this company's $4.81M).

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 Weber Gallagher Simpson Stapleton Fires & Newby, LLP's reported 237 employees, and received an average PPP loan of $94,010, 98% lower than this company's loan of $4.81M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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/weber-gallagher-simpson-stapleton-fires-and-newby-llp-philadelphia-pa