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PPP Loan Data — Demetria Morgan, Southfield, MI

ALERT: There are 2 PPP loans for a total of $37,300 in our database for businesses with the name "Demetria Morgan" in Southfield, 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 Demetria Morgan
MI

Demetria Morgan

Entity: Sole Proprietorship

Industry: Beauty Salons

Location: Southfield, MI

Search All PPP Data

Demetria Morgan is a sole proprietorship located in Southfield, Michigan that received a Coronavirus-related PPP loan from the SBA of $18,650.00 in April, 2021.

$ PPP Loan Information
Loan #9537748807

Loan Size:

$18,650

Jobs Retained:

1

Loan Approved:

2021-04-23

Loan Status:

Paid in Full or Forgiven

Lender:

Readycap Lending, LLC

Demetria Morgan in Southfield, MI received a Paycheck Protection Loan of $18,650 through Readycap Lending, LLC, which was approved in April, 2021.

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, 2022.


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, Demetria Morgan reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,650

Business Information - Demetria Morgan in Southfield, MI

Demetria Morgan
Southfield, MI
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Beauty Salons
NAICS code 812112

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

Oakland County, MI — SBA Office 0515 — Congressional District: MI-14

Similar Companies near Southfield

In the Southfield area, 240 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $16,275 (compared to this company's $18,650).

Industry PPP Comparison Statistics

Nationwide, 458,419 businesses in the "Beauty Salons" industry received a total of $8.57B in PPP loans. These businesses account for 4% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 100% higher than Demetria Morgan's reported 1 employees, and received an average PPP loan of $18,692, 0% higher than this company's loan of $18,650.

SBA PPP loan data, payroll data, and salaries for Demetria Morgan
MI

Demetria Morgan

Entity: Sole Proprietorship

Industry: Beauty Salons

Location: Southfield, MI

Search All PPP Data

Demetria Morgan is a sole proprietorship located in Southfield, Michigan that received a Coronavirus-related PPP loan from the SBA of $18,650.00 in March, 2021.

$ PPP Loan Information
Loan #6456528500

Loan Size:

$18,650

Jobs Retained:

1

Loan Approved:

2021-03-03

Loan Status:

Paid in Full or Forgiven

Lender:

Readycap Lending, LLC

Demetria Morgan in Southfield, MI received a Paycheck Protection Loan of $18,650 through Readycap Lending, LLC, which was approved in March, 2021.

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, 2022.


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, Demetria Morgan reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,650

Business Information - Demetria Morgan in Southfield, MI

Demetria Morgan
Southfield, MI
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Beauty Salons
NAICS code 812112

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

Oakland County, MI — SBA Office 0515 — Congressional District: MI-14

Similar Companies near Southfield

In the Southfield area, 240 businesses in the "Beauty Salons" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 1) and received an average PPP loan of $16,275 (compared to this company's $18,650).

Industry PPP Comparison Statistics

Nationwide, 458,419 businesses in the "Beauty Salons" industry received a total of $8.57B in PPP loans. These businesses account for 4% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 2 employees, 100% higher than Demetria Morgan's reported 1 employees, and received an average PPP loan of $18,692, 0% higher than this company's loan of $18,650.

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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Source: www.federalpay.org/paycheck-protection-program/demetria-morgan-southfield-mi