PPP Loan Data — William D Moore ESQ, Southold, NY
William D Moore ESQ is a sole proprietorship located at 51020 Main St in Southold, New York that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Dime Community Bank
William D Moore ESQ in Southold, NY received a Paycheck Protection Loan of $25,300 through Dime Community Bank, which was approved in May, 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, William D Moore ESQ's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, William D Moore ESQ reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,400
- Rent: $4,900
Business Information - William D Moore ESQ in Southold, NY
51020 Main St
Southold, NY 11971
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
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, 100% higher than William D Moore ESQ's reported 3 employees, and received an average PPP loan of $81,518, 222% higher than this company's loan of $25,300.
FederalPay's PPP Information Policy
Footnotes & Information
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