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

PPP Loan Data — Custom Design/Build Inc, Ann Arbor, MI

ALERT: There are 2 PPP loans for a total of $126,410 in our database for businesses with the name "Custom Design/Build Inc" in Ann Arbor, 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 Custom Design/Build Inc
MI

Custom Design/Build Inc

Entity: Subchapter S Corporation

Industry: Residential Remodelers

Location: Ann Arbor, MI

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Custom Design/Build Inc is a subchapter s corporation located at 1220 Jewett St in Ann Arbor, Michigan that received a Coronavirus-related PPP loan from the SBA of $32,610.00 in February, 2021.

$ PPP Loan Information
Loan #1343918402

Loan Size:

$32,610

Jobs Retained:

2

Loan Approved:

2021-02-01

Loan Status:

Ongoing Loan

Lender:

KeyBank National Association

Custom Design/Build Inc in Ann Arbor, MI received a Paycheck Protection Loan of $32,610 through KeyBank National Association, which was approved in February, 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. The loan's status was last updated by the SBA in November, -0001.

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, Custom Design/Build Inc's 2019 payroll expenses are estimated to be at least $156,528.

Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $78,264 per employee1

Reported PPP Proceed Usage:

On the PPP application, Custom Design/Build Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $32,608
  • Utilities: $1

Business Information - Custom Design/Build Inc in Ann Arbor, MI

Custom Design/Build Inc
1220 Jewett St
Ann Arbor, MI 48104

Business Industry:
Residential Remodelers
NAICS code 236118

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

Washtenaw County, MI — SBA Office 0515 — Congressional District: MI-12

Similar Companies near Ann Arbor

In the Ann Arbor area, 40 businesses in the "Residential Remodelers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 2) and received an average PPP loan of $58,209 (compared to this company's $32,610).

Industry PPP Comparison Statistics

Nationwide, 166,608 businesses in the "Residential Remodelers" industry received a total of $5.16B 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 3 employees, 50% higher than Custom Design/Build Inc's reported 2 employees, and received an average PPP loan of $30,994, 5% lower than this company's loan of $32,610.

SBA PPP loan data, payroll data, and salaries for Custom Design/Build, Inc
MI

Custom Design/Build, Inc

Entity: Subchapter S Corporation

Industry: New Single-Family Housing Construction (except For-Sale Builders)

Location: Ann Arbor, MI

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Custom Design/Build, Inc is a subchapter s corporation located at 1220 Jewett Ave in Ann Arbor, Michigan that received a Coronavirus-related PPP loan from the SBA of $93,800.00 in April, 2020.

$ PPP Loan Information
Loan #6090047104

Loan Size:

$93,800

Jobs Retained:

7

Loan Approved:

2020-04-14

Loan Status:

Paid in Full or Forgiven

Lender:

KeyBank National Association

Custom Design/Build, Inc in Ann Arbor, MI received a Paycheck Protection Loan of $93,800 through KeyBank National Association, 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.

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, Custom Design/Build, Inc's 2019 payroll expenses are estimated to be at least $450,240.

Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $64,320 per employee1

Reported PPP Proceed Usage:

On the PPP application, Custom Design/Build, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $93,800

Business Information - Custom Design/Build, Inc in Ann Arbor, MI

Custom Design/Build, Inc
1220 Jewett Ave
Ann Arbor, MI 48104

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Washtenaw County, MI — SBA Office 0515 — Congressional District: MI-12

Similar Companies near Ann Arbor

In the Ann Arbor area, 31 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a PPP loan. These local businesses reported an average of 9 employees (compared to this company's 7) and received an average PPP loan of $116,158 (compared to this company's $93,800).

Industry PPP Comparison Statistics

Nationwide, 125,433 businesses in the "New Single-Family Housing Construction (except For-Sale Builders)" industry received a total of $5.71B 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, 29% lower than Custom Design/Build, Inc's reported 7 employees, and received an average PPP loan of $45,486, 52% lower than this company's loan of $93,800.

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/custom-designbuild-inc-ann-arbor-mi