PPP Loan Data — Doeren Mayhew & Co, PC, Troy, MI
Doeren Mayhew & Co, PC is a professional association located at 305 W Big Beaver Rd in Troy, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,485,000.00 in April, 2020.
$ PPP Loan Information
Doeren Mayhew & Co, PC in Troy, MI received a Paycheck Protection Loan of $4.49M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Doeren Mayhew & Co, PC's total 2019 payroll expenses were approximately $21.53M in order to qualify for the PPP loan amount received.
Based on their reported 263 jobs retained, this equals an estimated average yearly compensation of $81,856 per employee1.
Business Information - Doeren Mayhew & Co, PC in Troy, MI
305 W Big Beaver Rd
Troy, MI 48084
Offices of Certified Public Accountants (NAICS code 541211)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-11
Similar Companies near Troy
In the Troy area, 37 businesses in the "Offices of Certified Public Accountants" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 263) and received an average PPP loan of $221,272 (compared to this company's $4.49M).
Similar Nearby Businesses Who Received PPP Funding:
Maged Michail, CPA, PC
Jablonski & Company, CPAS
Davison & Associates, CPA
Wenderski And Associates CPA PC
Patrick T Grady PC
Ted Funke & Associates PC
Lipson & Dutton Inc
Industry PPP Comparison Statistics
Nationwide, 37,661 businesses in the "Offices of Certified Public Accountants" industry received a total of $3,350,637,371.00 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 6 employees, 98% lower than Doeren Mayhew & Co, PC's reported 263 employees, and received an average PPP loan of $88,968, 98% lower than this company's loan of $4.49M.
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, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. 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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