PPP Loan Data — Leiden Group LLC, Bloomfield Hills, MI
Leiden Group LLC is a limited liability company (LLC) located at 21 East Long Lake Road 250 in Bloomfield Hills, Michigan that received a Coronavirus-related PPP loan from the SBA of $45,750.00 in June, 2020.
The company has reported itself as a White female owned business, and employed at least five people during the applicable loan loan period.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Cross River Bank
Leiden Group LLC in Bloomfield Hills, MI received a Paycheck Protection Loan of $45,750 through Cross River 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
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.Read More
Understanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.Read More
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, Leiden Group LLC's 2019 payroll expenses are estimated to be at least $219,600.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $43,920 per employee1
Reported PPP Proceed Usage:
On the PPP application, Leiden Group LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $45,750
Business Information - Leiden Group LLC in Bloomfield Hills, MI
21 East Long Lake Road 250
Bloomfield Hills, MI 48304
Offices of Other Holding Companies
NAICS code 551112
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Bloomfield Hills
In the Bloomfield Hills area, 3 businesses in the "Offices of Other Holding Companies" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $23,883 (compared to this company's $45,750).
Similar Nearby Businesses Who Received PPP Funding:
Arja Holding LLC
Bloomfield Hills, MI
Industry PPP Comparison Statistics
Nationwide, 12,536 businesses in the "Offices of Other Holding Companies" industry received a total of $1.56B 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 13 employees, 160% higher than Leiden Group LLC's reported 5 employees, and received an average PPP loan of $124,396, 172% higher than this company's loan of $45,750.
FederalPay's PPP Information Policy
Footnotes & Information
Have FederalPay.org's open data tools been valuable? Consider donating!