PPP Loan Data — B'S Randall LLC, Lansing, MI
B'S Randall LLC is a limited liability company (LLC) located in Lansing, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,180.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
B'S Randall LLC in Lansing, MI received a Paycheck Protection Loan of $25,180 through Astera CU, which was approved in April, 2020.
The minimum number of employees this company must have had in 2019 to qualify for the loan range received is 1. This estimation is accurate if all employees were paid at or over the $100k PPP salary eligibility cap.
Reported PPP Proceed Usage:
On the PPP application, B'S Randall LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $20,000
- Utilities: $680
- Rent: $4,500
Business Information - B'S Randall LLC in Lansing, MI
* Full address is redacted to protect the privacy of individuals.
General Automotive Repair
NAICS code 811111
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lansing
In the Lansing area, 18 businesses in the "General Automotive Repair" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 1) and received an average PPP loan of $54,429 (compared to this company's $25,180).
Similar Nearby Businesses Who Received PPP Funding:
Discount Auto Service Inc #1
Liskey's Auto & Truck Service Inc
Auto Surgeon, Inc
Car Zilla Auto Care, LLC
R & R Collision Of Lansing Inc
A&M Supreme Auto Repair Inc
Odonnells On The Spot Repair Inc
Industry PPP Comparison Statistics
Nationwide, 95,091 businesses in the "General Automotive Repair" industry received a total of $3.94B 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 5 employees, 400% higher than B'S Randall LLC's reported 1 employees, and received an average PPP loan of $41,461, 65% higher than this company's loan of $25,180.
FederalPay's PPP Information Policy
Footnotes & Information
3. Since the PPP eligibility will include a maximum of $100k in salary expenses for each employee in the qualifying period, the minimum number of employees required to be eligible for a given PPP loan amount can be calculated by the following equation: ((LOAN AMOUNT/2.5 months) * 12 months) / 100k max salary. If a company reports fewer employees than this amount on their PPP application, it is likely because they had more employees on payroll during the qualifying period.
Have FederalPay.org's open data tools been valuable? Consider donating!