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PPP Loan Data — Michael Donahoe, Memphis, TN

ALERT: There are 2 PPP loans for a total of $41,666 in our database for businesses with the name "Michael Donahoe" in Memphis, TN. 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 Michael Donahoe
TN

Michael Donahoe

Entity: Sole Proprietorship

Industry: Residential Property Managers

Location: Memphis, TN

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Michael Donahoe is a sole proprietorship located in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in March, 2021.

$ PPP Loan Information
Loan #3679148606

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-03-17

Loan Status:

Ongoing Loan

Lender:

The Citizens National Bank of Meridian

Michael Donahoe in Memphis, TN received a Paycheck Protection Loan of $20,833 through The Citizens National Bank of Meridian, which was approved in March, 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, Michael Donahoe reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,833

Business Information - Michael Donahoe in Memphis, TN

Michael Donahoe
Memphis, TN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Residential Property Managers
NAICS code 531311

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Shelby County, TN — SBA Office 0474 — Congressional District: TN-09

Similar Companies near Memphis

In the Memphis area, 20 businesses in the "Residential Property Managers" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 1) and received an average PPP loan of $181,598 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 35,979 businesses in the "Residential Property Managers" industry received a total of $3.03B 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 9 employees, 800% higher than Michael Donahoe's reported 1 employees, and received an average PPP loan of $84,237, 304% higher than this company's loan of $20,833.

SBA PPP loan data, payroll data, and salaries for Michael Donahoe
TN

Michael Donahoe

Entity: Sole Proprietorship

Industry: Nonresidential Property Managers

Location: Memphis, TN

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Michael Donahoe is a sole proprietorship located in Memphis, Tennessee that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in June, 2020.

$ PPP Loan Information
Loan #4574478010

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2020-06-26

Loan Status:

Paid in Full or Forgiven

Lender:

The Citizens National Bank of Meridian

Michael Donahoe in Memphis, TN received a Paycheck Protection Loan of $20,833 through The Citizens National Bank of Meridian, which was approved in June, 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 March, 2021.


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, Michael Donahoe reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $16,666
  • Utilities: $2,083
  • Mortgage Interest: $2,083

Business Information - Michael Donahoe in Memphis, TN

Michael Donahoe
Memphis, TN
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Nonresidential Property Managers
NAICS code 531312

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age:

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Shelby County, TN — SBA Office 0474 — Congressional District: TN-09

Similar Companies near Memphis

In the Memphis area, 3 businesses in the "Nonresidential Property Managers" industry received a PPP loan. These local businesses reported an average of 18 employees (compared to this company's 1) and received an average PPP loan of $215,359 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 11,880 businesses in the "Nonresidential Property Managers" industry received a total of $1.21B 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 9 employees, 800% higher than Michael Donahoe's reported 1 employees, and received an average PPP loan of $102,065, 390% higher than this company's loan of $20,833.

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/michael-donahoe-memphis-tn