PPP Loan Data — William J Sault CPA, Rockville, MD
William J Sault CPA is a sole proprietorship located at 15104 Carrolton Rd in Rockville, Maryland that received a Coronavirus-related PPP loan from the SBA of $24,905.00 in July, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Sandy Spring Bank
William J Sault CPA in Rockville, MD received a Paycheck Protection Loan of $24,905 through Sandy Spring Bank, which was approved in July, 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 J Sault CPA's 2019 payroll expenses are estimated to be at least $119,544.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $59,772 per employee1
Reported PPP Proceed Usage:
On the PPP application, William J Sault CPA reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,905
Business Information - William J Sault CPA in Rockville, MD
15104 Carrolton Rd
Rockville, MD 20853
Offices of Certified Public Accountants
NAICS code 541211
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Rockville
In the Rockville area, 51 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 2) and received an average PPP loan of $103,753 (compared to this company's $24,905).
Similar Nearby Businesses Who Received PPP Funding:
Sarfino And Rhoades LLP
Eric Fig LLC
Jeff Lin CPA, LLC
North Bethesda, MD
Song Financial & Investment Services Inc
Mark L Gollub CPA PC
Subhash K Garg P C
The Rosin CPA Group LLC
North Bethesda, MD
Industry PPP Comparison Statistics
Nationwide, 57,013 businesses in the "Offices of Certified Public Accountants" industry received a total of $4.21B 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 6 employees, 200% higher than William J Sault CPA's reported 2 employees, and received an average PPP loan of $73,772, 196% higher than this company's loan of $24,905.
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Footnotes & Information
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