FederalPay.org
PPP Loan Data — Garan Lucow Miller, Professional Corporation,
Detroit, MI
Garan Lucow Miller, Professional Corporation
Entity: Subchapter S Corporation
Industry: Offices of Lawyers
Location: Detroit, MI
Tweet This
•
Search All PPP Data
Garan Lucow Miller, Professional Corporation is a subchapter s corporation located at 1155 Brewery Park Blvd. in Detroit, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,560,900.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
181Loan Approved:
2020-04-28Lender:
COMERICA BANKGaran Lucow Miller, Professional Corporation in Detroit, MI received a Paycheck Protection Loan of $3.56M through COMERICA BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Garan Lucow Miller, Professional Corporation's total 2019 payroll expenses were approximately $17.09M in order to qualify for the PPP loan amount received.
Based on their reported 181 jobs retained, this equals an estimated average yearly compensation of $94,433 per employee1.
Business Information - Garan Lucow Miller, Professional Corporation in Detroit, MI
1155 Brewery Park Blvd.
Detroit, MI 48207
Business Industry
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-13Similar Companies near Detroit
In the Detroit area, 12 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 21 employees (compared to this company's 181) and received an average PPP loan of $382,956 (compared to this company's $3.56M).
Similar Nearby Businesses Who Received PPP Funding:
Rutledge, Manion, Rabaut, Terry & Thomas, PC
Detroit, MI
Liddle & Dubin PC
Detroit, MI
Randolph Law Group PC
Detroit, MI
Moore Law Group, PLLC
Detroit, MI
Counsel Matters PLLC
Detroit, MI
Goodman & Hurwitz PC
Detroit, MI
Law Office Of George T Fishback, PLLC
Detroit, MI
Tillman & Tillman PLLC
Detroit, MI
Trowbridge Law Firm, PC
Detroit, MI
Industry PPP Comparison Statistics
Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 97% lower than Garan Lucow Miller, Professional Corporation's reported 181 employees, and received an average PPP loan of $94,010, 97% lower than this company's loan of $3.56M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!