PPP Loan Data — Laird And Laird Surgical Associates, PLLC, Trenton, MI
Laird And Laird Surgical Associates, PLLC is a subchapter s corporation located at 2128 W Jefferson Ave in Trenton, Michigan that received a Coronavirus-related PPP loan from the SBA of $24,910.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Huntington National Bank
Laird And Laird Surgical Associates, PLLC in Trenton, MI received a Paycheck Protection Loan of $24,910 through The Huntington National Bank, which was approved in April, 2020.
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 April, 2021.
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, Laird And Laird Surgical Associates, PLLC's 2019 payroll expenses are estimated to be at least $119,568.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $23,914 per employee1
Reported PPP Proceed Usage:
On the PPP application, Laird And Laird Surgical Associates, PLLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,910
Business Information - Laird And Laird Surgical Associates, PLLC in Trenton, MI
2128 W Jefferson Ave
Trenton, MI 48183
NAICS code 621511
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: New Business or 2 years or less
LMI Zone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 5,753 businesses in the "Medical Laboratories" industry received a total of $848.85M 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 14 employees, 180% higher than Laird And Laird Surgical Associates, PLLC's reported 5 employees, and received an average PPP loan of $147,548, 492% higher than this company's loan of $24,910.
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Footnotes & Information
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