PPP Loan Data — Integrity Cleaning, Lansing, MI
Integrity Cleaning is a limited liability company (LLC) located at 811 North Pine Street in Lansing, Michigan that received a Coronavirus-related PPP loan from the SBA of $24,854.00 in June, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Integrity Cleaning in Lansing, MI received a Paycheck Protection Loan of $24,854 through Quontic Bank, which was approved in June, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, Integrity Cleaning's 2019 payroll expenses are estimated to be at least $119,299.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,043 per employee1
Reported PPP Proceed Usage:
On the PPP application, Integrity Cleaning reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,854
Business Information - Integrity Cleaning in Lansing, MI
811 North Pine Street
Lansing, MI 48906
NAICS code 561720
Business Owner Demographics
Veteran Status: Unreported
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Lansing
In the Lansing area, 20 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 8 employees (compared to this company's 7) and received an average PPP loan of $38,965 (compared to this company's $24,854).
Similar Nearby Businesses Who Received PPP Funding:
Clean Investment Inc
Duckett Brothers Distributing Inc
D Squared Facilities Management, Inc
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B 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 Integrity Cleaning's reported 7 employees, and received an average PPP loan of $30,311, 22% higher than this company's loan of $24,854.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!