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PPP Loan Data — Latrisha Madison, Birmingham, AL

ALERT: There are 2 PPP loans for a total of $6,541 in our database for businesses with the name "Latrisha Madison" in Birmingham, AL. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Latrisha Madison
AL

Latrisha Madison

Entity: Self-employed Individual

Industry: Home Health Care Services

Location: Birmingham, AL

Search All PPP Data

Latrisha Madison is a self-employed individual located in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $2,208.00 in February, 2021.

The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #3795268506

Loan Size:

$2,208

Jobs Retained:

1

Loan Approved:

2021-02-24

Loan Status:

Ongoing Loan

Lender:

Customers Bank

Latrisha Madison in Birmingham, AL received a Paycheck Protection Loan of $2,208 through Customers Bank, which was approved in February, 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. The loan's status was last updated by the SBA in November, -0001.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Latrisha Madison reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,206
  • Utilities: $1

Business Information - Latrisha Madison in Birmingham, AL

Latrisha Madison
Birmingham, AL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Home Health Care Services
NAICS code 621610

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Jefferson County, AL — SBA Office 0459 — Congressional District: AL-07

Similar Companies near Birmingham

In the Birmingham area, 48 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 1) and received an average PPP loan of $60,490 (compared to this company's $2,208).

Industry PPP Comparison Statistics

Nationwide, 87,627 businesses in the "Home Health Care Services" industry received a total of $7.58B 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 16 employees, 1500% higher than Latrisha Madison's reported 1 employees, and received an average PPP loan of $86,486, 3817% higher than this company's loan of $2,208.

SBA PPP loan data, payroll data, and salaries for Latrisha Madison
AL

Latrisha Madison

Entity: Self-employed Individual

Industry: Home Health Care Services

Location: Birmingham, AL

Search All PPP Data

Latrisha Madison is a self-employed individual located in Birmingham, Alabama that received a Coronavirus-related PPP loan from the SBA of $4,333.00 in August, 2020.

The company has reported itself as a Black or african american female owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #3652558208

Loan Size:

$4,333

Jobs Retained:

1

Loan Approved:

2020-08-05

Loan Status:

Ongoing Loan

Lender:

Kabbage, Inc.

Latrisha Madison in Birmingham, AL received a Paycheck Protection Loan of $4,333 through Kabbage, Inc., which was approved in August, 2020.

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. The loan's status was last updated by the SBA in November, -0001.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Latrisha Madison reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $4,333

Business Information - Latrisha Madison in Birmingham, AL

Latrisha Madison
Birmingham, AL
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Home Health Care Services
NAICS code 621610

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Female Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: New Business or 2 years or less

LMI Zone: Y

HUBZone: Y

Rural / Urban: Urban

Jefferson County, AL — SBA Office 0459 — Congressional District: AL-07

Similar Companies near Birmingham

In the Birmingham area, 48 businesses in the "Home Health Care Services" industry received a PPP loan. These local businesses reported an average of 12 employees (compared to this company's 1) and received an average PPP loan of $60,490 (compared to this company's $4,333).

Industry PPP Comparison Statistics

Nationwide, 87,627 businesses in the "Home Health Care Services" industry received a total of $7.58B 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 16 employees, 1500% higher than Latrisha Madison's reported 1 employees, and received an average PPP loan of $86,486, 1896% higher than this company's loan of $4,333.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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.


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Source: www.federalpay.org/paycheck-protection-program/latrisha-madison-birmingham-al