PPP Loan Data — Maria's Maids LLC, Milwaukee, WI
Maria's Maids LLC is a limited liability company (LLC) located at 1516 S 24th Street in Milwaukee, Wisconsin that received a Coronavirus-related PPP loan from the SBA of $25,305.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:BMO Harris Bank National Association
Maria's Maids LLC in Milwaukee, WI received a Paycheck Protection Loan of $25,305 through BMO Harris Bank National Association, which was approved in May, 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 May, 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, Maria's Maids LLC's 2019 payroll expenses are estimated to be at least $121,464.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $40,488 per employee1
Reported PPP Proceed Usage:
On the PPP application, Maria's Maids LLC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,305
Business Information - Maria's Maids LLC in Milwaukee, WI
1516 S 24th Street
Milwaukee, WI 53204
NAICS code 561720
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Milwaukee
In the Milwaukee area, 37 businesses in the "Janitorial Services" industry received a PPP loan. These local businesses reported an average of 6 employees (compared to this company's 3) and received an average PPP loan of $40,968 (compared to this company's $25,305).
Similar Nearby Businesses Who Received PPP Funding:
Diamond Maid Cleaning Services LLC
Roberto Ramon Vera
Industry PPP Comparison Statistics
Nationwide, 146,067 businesses in the "Janitorial Services" industry received a total of $4.43B 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 5 employees, 67% higher than Maria's Maids LLC's reported 3 employees, and received an average PPP loan of $30,311, 20% higher than this company's loan of $25,305.
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Footnotes & Information
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