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

PPP Loan Data — Botanic Innovations LLC, Grand Rapids, MI

ALERT: There are 2 PPP loans for a total of $8,705 in our database for businesses with the name "Botanic Innovations LLC" in Grand Rapids, 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 Botanic Innovations LLC
MI

Botanic Innovations LLC

Entity: Limited Liability Company (LLC)

Industry: Landscaping Services

Location: Grand Rapids, MI

Search All PPP Data

Botanic Innovations LLC is a limited liability company (LLC) located in Grand Rapids, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,605.00 in March, 2021.

$ PPP Loan Information
Loan #7205848502

Loan Size:

$4,605

Jobs Retained:

1

Loan Approved:

2021-03-05

Loan Status:

Ongoing Loan

Lender:

Lake Michigan CU

Botanic Innovations LLC in Grand Rapids, MI received a Paycheck Protection Loan of $4,605 through Lake Michigan CU, which was approved in March, 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, Botanic Innovations LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,605

Business Information - Botanic Innovations LLC in Grand Rapids, MI

Botanic Innovations LLC
Grand Rapids, MI
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Landscaping Services
NAICS code 561730

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

Kent County, MI — SBA Office 0515 — Congressional District: MI-03

Similar Companies near Grand Rapids

In the Grand Rapids area, 6 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $31,604 (compared to this company's $4,605).

Industry PPP Comparison Statistics

Nationwide, 138,585 businesses in the "Landscaping Services" industry received a total of $6.03B 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 5 employees, 400% higher than Botanic Innovations LLC's reported 1 employees, and received an average PPP loan of $43,486, 844% higher than this company's loan of $4,605.

SBA PPP loan data, payroll data, and salaries for Botanic Innovations, LLC
MI

Botanic Innovations, LLC

Entity: Limited Liability Company (LLC)

Industry: Other Services to Buildings and Dwellings

Location: Grand Rapids, MI

Search All PPP Data

Botanic Innovations, LLC is a limited liability company (LLC) located in Grand Rapids, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,100.00 in April, 2020.

$ PPP Loan Information
Loan #1417957204

Loan Size:

$4,100

Jobs Retained:

1

Loan Approved:

2020-04-15

Loan Status:

Paid in Full or Forgiven

Lender:

Lake Michigan CU

Botanic Innovations, LLC in Grand Rapids, MI received a Paycheck Protection Loan of $4,100 through Lake Michigan CU, 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 April, 2021.


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, Botanic Innovations, LLC reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,075
  • Utilities: $513
  • Mortgage Interest: $512

Business Information - Botanic Innovations, LLC in Grand Rapids, MI

Botanic Innovations, LLC
Grand Rapids, MI
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Other Services to Buildings and Dwellings
NAICS code 561790

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

Kent County, MI — SBA Office 0515 — Congressional District: MI-03

Similar Companies near Grand Rapids

In the Grand Rapids area, 4 businesses in the "Other Services to Buildings and Dwellings" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 1) and received an average PPP loan of $23,357 (compared to this company's $4,100).

Industry PPP Comparison Statistics

Nationwide, 25,135 businesses in the "Other Services to Buildings and Dwellings" industry received a total of $1.14B 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 7 employees, 600% higher than Botanic Innovations, LLC's reported 1 employees, and received an average PPP loan of $45,205, 1003% higher than this company's loan of $4,100.

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.


Have FederalPay.org's open data tools been valuable? Consider donating!

** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/botanic-innovations-llc-grand-rapids-mi