PPP Loan Data — James Clark, Warren, MI
James Clark is a sole proprietorship located at 22741 Schoenherr Rd in Warren, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Citizens Bank, National Association
James Clark in Warren, MI received a Paycheck Protection Loan of $25,300 through Citizens Bank, National Association, which was approved in January, 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.
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, James Clark's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,720 per employee1
Reported PPP Proceed Usage:
On the PPP application, James Clark reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,296
- Utilities: $1
Business Information - James Clark in Warren, MI
22741 Schoenherr Rd
Warren, MI 48089
Other Activities Related to Real Estate
NAICS code 531390
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Warren
In the Warren area, 5 businesses in the "Other Activities Related to Real Estate" industry received a PPP loan. These local businesses reported an average of 1 employees (compared to this company's 2) and received an average PPP loan of $15,221 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Warren Investment Partners LLC
James Russell Clark
Industry PPP Comparison Statistics
Nationwide, 77,402 businesses in the "Other Activities Related to Real Estate" industry received a total of $3.64B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 4 employees, 100% higher than James Clark's reported 2 employees, and received an average PPP loan of $47,089, 86% higher than this company's loan of $25,300.
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Footnotes & Information
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