PPP Loan Data — Michael Buzulencia, Warren, OH
Michael Buzulencia is a sole proprietorship located at 106 E Market St in Warren, Ohio that received a Coronavirus-related PPP loan from the SBA of $24,898.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:The Huntington National Bank
Michael Buzulencia in Warren, OH received a Paycheck Protection Loan of $24,898 through The Huntington National Bank, which was approved in January, 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, Michael Buzulencia's 2019 payroll expenses are estimated to be at least $119,510.
Based on their reported 3 jobs retained, this equals an estimated average yearly compensation of $39,837 per employee1
Reported PPP Proceed Usage:
On the PPP application, Michael Buzulencia reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,898
Business Information - Michael Buzulencia in Warren, OH
106 E Market St
Warren, OH 44481
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Warren
In the Warren area, 17 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 5 employees (compared to this company's 3) and received an average PPP loan of $40,437 (compared to this company's $24,898).
Similar Nearby Businesses Who Received PPP Funding:
Michael D. Buzulencia, Attorney At Law
Martin F White Co., LPa
Robert P. Safos - Law Office
Turner, May & Shepherd
J P Morgan ESQ LTD Iolta Trust Account
Law Office Of H. Gilson Blair LTD
Industry PPP Comparison Statistics
Nationwide, 200,895 businesses in the "Offices of Lawyers" industry received a total of $16.38B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 2% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 100% higher than Michael Buzulencia's reported 3 employees, and received an average PPP loan of $81,518, 227% higher than this company's loan of $24,898.
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Footnotes & Information
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