PPP Loan Data — Williams, Mullen, Clark And Dobbins PC, Richmond, VA
Williams, Mullen, Clark And Dobbins PC is a corporation located at 200 S 10th St Ste 600 in Richmond, Virginia that received a Coronavirus-related PPP loan from the SBA of $9,952,983.00 in April, 2020.
$ PPP Loan Information
Lender:TRUIST BANK D/B/A BRANCH BANKING & TRUST CO
Williams, Mullen, Clark And Dobbins PC received a Paycheck Protection Loan of $9.95M through TRUIST BANK D/B/A BRANCH BANKING & TRUST CO, which was approved in April, 2020.
The size of company's PPP loan indicates that the number of employees on payroll during the eligibility calculation period (typically 2019) was higher than the 429 jobs reported as retained on the PPP application3. This could be caused by a reduction in employment since 2019, due to Coronavirus or other factors.
2019 Payroll Estimations based On PPP Amount:
Assuming all employees were paid over the $100k eligibility cap, the minimum number of employees this company must have had in 2019 to qualify for the loan range received is 478.
Based on standard PPP eligibility rules, Williams, Mullen, Clark And Dobbins PC's total 2019 payroll expenses were approximately $47.77M (not accounting for salary amounts > $100k) in order to qualify for the PPP loan amount received.
Because the 429 jobs reported are not enough to account for the loan range received, per-employee payrolls cannot be estimated.
Business Information - Williams, Mullen, Clark And Dobbins PC in Richmond, VA
200 S 10th St Ste 600
Richmond, VA 23219
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: VA-04
Similar Companies near Richmond
In the Richmond area, 63 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 429) and received an average PPP loan of $365,198 (compared to this company's $9.95M).
Similar Nearby Businesses Who Received PPP Funding:
Sands Anderson PC
Bradshaw Law Firm, PC
Virginia Small Business Law, PLLC
Curwood Law Firm
Commonwealth Accident Injury Law, PC
Randolph, Boyd, Cherry And Vaughan
William J. Dinkin Plc
Parrish And Lebar LLP
Brent A Jackson & Associates, PC
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, 99% lower than Williams, Mullen, Clark And Dobbins PC's reported 429 employees, and received an average PPP loan of $94,010, 99% lower than this company's loan of $9.95M.
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Footnotes & Information
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