PPP Loan Data — William L Baker, Sacramento, CA
William L Baker is a sole proprietorship located in Sacramento, California that received a Coronavirus-related PPP loan from the SBA of $24,907.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
William L Baker in Sacramento, CA received a Paycheck Protection Loan of $24,907 through Banner Bank, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, William L Baker reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $23,413
- Utilities: $1,494
Business Information - William L Baker in Sacramento, CA
* Full address is redacted to protect the privacy of individuals.
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Sacramento
In the Sacramento area, 166 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 1) and received an average PPP loan of $109,102 (compared to this company's $24,907).
Similar Nearby Businesses Who Received PPP Funding:
Davis Law Firm
Palmer Law Group, A Professional Law Corporation
Law Offices Of Brad M. Siefker
The Ranchod Law Group A Professional Corporation
Anthony J Garafola
Shaw Law Group, PC
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, 500% higher than William L Baker's reported 1 employees, and received an average PPP loan of $81,518, 227% higher than this company's loan of $24,907.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
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