PPP Loan Data — Lajoy Group, Inc., Livonia, MI
Lajoy Group, Inc.
Location: Livonia, MITweet This • Search All PPP Data
Lajoy Group, Inc. is a corporation located at 32520 Schoolcraft Road in Livonia, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,447,295.00 in April, 2020.
$ PPP Loan Information
Lender:FIFTH THIRD BANK
Lajoy Group, Inc. in Livonia, MI received a Paycheck Protection Loan of $4.45M through FIFTH THIRD BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Lajoy Group, Inc.'s total 2019 payroll expenses were approximately $21.35M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $42,694 per employee1.
Business Information - Lajoy Group, Inc. in Livonia, MI
32520 Schoolcraft Road
Livonia, MI 48150
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-11
Similar Companies near Livonia
In the Livonia area, 9 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 67 employees (compared to this company's 500) and received an average PPP loan of $640,722 (compared to this company's $4.45M).
Similar Nearby Businesses Who Received PPP Funding:
Diversified Technologies International LLC
RAF Technical Services Inc
Joseph Productions, Inc.
Fireservice Management LLC DBA Turnout Management
Art Recovery Technologies Inc
Matthew M Evans ESQ
Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 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, 99% lower than Lajoy Group, Inc.'s reported 500 employees, and received an average PPP loan of $74,488, 98% lower than this company's loan of $4.45M.
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