PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Awards & Specialties LLC, Brighton, MI

ALERT: There are 2 PPP loans for a total of $21,812 in our database for businesses with the name "Awards & Specialties LLC" in Brighton, MI. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Awards & Specialties LLC
MI

Awards & Specialties LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: Brighton, MI

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Awards & Specialties LLC is a limited liability company (LLC) located in Brighton, Michigan that received a Coronavirus-related PPP loan from the SBA of $11,062.00 in April, 2021.

$ PPP Loan Information
Loan #1409818803

Loan Size:

$11,062

Jobs Retained:

1

Loan Approved:

2021-04-10

Loan Status:

Ongoing Loan

Lender:

Itria Ventures LLC

Awards & Specialties LLC in Brighton, MI received a Paycheck Protection Loan of $11,062 through Itria Ventures LLC, which was approved in April, 2021.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Awards & Specialties LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $11,059
  • Utilities: $1

Business Information - Awards & Specialties LLC in Brighton, MI

Awards & Specialties LLC
Brighton, MI
* Full address is redacted to protect the privacy of individuals.

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Rural

Livingston County, MI — SBA Office 0515 — Congressional District: MI-08

Similar Companies near Brighton

In the Brighton area, 14 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 1) and received an average PPP loan of $14,596 (compared to this company's $11,062).

Industry PPP Comparison Statistics

Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 300% higher than Awards & Specialties LLC's reported 1 employees, and received an average PPP loan of $34,329, 210% higher than this company's loan of $11,062.

SBA PPP loan data, payroll data, and salaries for Awards & Specialties, LLC
MI

Awards & Specialties, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Miscellaneous Store Retailers (except Tobacco Stores)

Location: Brighton, MI

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Awards & Specialties, LLC is a limited liability company (LLC) located at 9967 E Grand River Ave in Brighton, Michigan that received a Coronavirus-related PPP loan from the SBA of $10,750.00 in May, 2020.

$ PPP Loan Information
Loan #2765357703

Loan Size:

$10,750

Jobs Retained:

2

Loan Approved:

2020-05-01

Loan Status:

Ongoing Loan

Lender:

JPMorgan Chase Bank, National Association

Awards & Specialties, LLC in Brighton, MI received a Paycheck Protection Loan of $10,750 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, Awards & Specialties, LLC's 2019 payroll expenses are estimated to be at least $51,600.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $25,800 per employee1

Reported PPP Proceed Usage:

On the PPP application, Awards & Specialties, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $8,600
  • Utilities: $450
  • Rent: $1,700

Business Information - Awards & Specialties, LLC in Brighton, MI

Awards & Specialties, LLC
9967 E Grand River Ave
Brighton, MI 48116

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Livingston County, MI — SBA Office 0515 — Congressional District: MI-08

Similar Companies near Brighton

In the Brighton area, 14 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 2) and received an average PPP loan of $14,596 (compared to this company's $10,750).

Industry PPP Comparison Statistics

Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 4 employees, 100% higher than Awards & Specialties, LLC's reported 2 employees, and received an average PPP loan of $34,329, 219% higher than this company's loan of $10,750.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/awards-specialties-llc-brighton-mi