PPP Loan Data — Aubrey Group Inc, Ferndale, MI
Aubrey Group Inc is a corporation located at 1461 8 Mile Rd in Ferndale, Michigan that received a Coronavirus-related PPP loan from the SBA of $24,856.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Aubrey Group Inc in Ferndale, MI received a Paycheck Protection Loan of $24,856 through Oxford Bank, which was approved in April, 2020.
This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in January, 2021.
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, Aubrey Group Inc's 2019 payroll expenses are estimated to be at least $119,309.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,178 per employee1
Reported PPP Proceed Usage:
On the PPP application, Aubrey Group Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,856
Business Information - Aubrey Group Inc in Ferndale, MI
1461 8 Mile Rd
Ferndale, MI 48220
Other Financial Vehicles
NAICS code 525990
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Ferndale
In the Ferndale area, 3 businesses in the "Other Financial Vehicles" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 13) and received an average PPP loan of $17,927 (compared to this company's $24,856).
Similar Nearby Businesses Who Received PPP Funding:
Industry PPP Comparison Statistics
Nationwide, 3,014 businesses in the "Other Financial Vehicles" industry received a total of $214.78M 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, 54% lower than Aubrey Group Inc's reported 13 employees, and received an average PPP loan of $71,262, 187% higher than this company's loan of $24,856.
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Footnotes & Information
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