PPP Loan Data — Brilar, LLC, Oak Park, MI
Brilar, LLC is a limited liability company (LLC) located at 13200 Northend Ave in Oak Park, Michigan that received a Coronavirus-related PPP loan from the SBA of $1,538,970.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Level One Bank
Brilar, LLC in Oak Park, MI received a Paycheck Protection Loan of $1.54M through Level One 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 March, 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, Brilar, LLC's 2019 payroll expenses are estimated to be at least $7.39M.
Based on their reported 103 jobs retained, this equals an estimated average yearly compensation of $71,719 per employee1
Reported PPP Proceed Usage:
On the PPP application, Brilar, LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,538,970
Business Information - Brilar, LLC in Oak Park, MI
13200 Northend Ave
Oak Park, MI 48237
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Oak Park
In the Oak Park area, 135 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 7 employees (compared to this company's 103) and received an average PPP loan of $46,087 (compared to this company's $1.54M).
Similar Nearby Businesses Who Received PPP Funding:
Nexus Holdings LLC
Oak Park, MI
Black Mule LLC
Excell Snow & Turf Maintenance, LLC
Oak Park, MI
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, 95% lower than Brilar, LLC's reported 103 employees, and received an average PPP loan of $43,486, 97% lower than this company's loan of $1.54M.
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Footnotes & Information
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