PPP Loan Data — Michael J. Rousseau, Belleville, IL
Michael J. Rousseau is a sole proprietorship located at One South Church Street, Suite 500 in Belleville, Illinois that received a Coronavirus-related PPP loan from the SBA of $25,200.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least two people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Bank of Belleville
Michael J. Rousseau in Belleville, IL received a Paycheck Protection Loan of $25,200 through Bank of Belleville, which was approved in April, 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 April, 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 J. Rousseau's 2019 payroll expenses are estimated to be at least $120,960.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,480 per employee1
Reported PPP Proceed Usage:
On the PPP application, Michael J. Rousseau reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,300
- Rent: $900
Business Information - Michael J. Rousseau in Belleville, IL
One South Church Street, Suite 500
Belleville, IL 62220
Offices of Lawyers
NAICS code 541110
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Urban
Similar Companies near Belleville
In the Belleville area, 79 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 2) and received an average PPP loan of $73,393 (compared to this company's $25,200).
Similar Nearby Businesses Who Received PPP Funding:
Flynn, Guymon And Garavalia, LLC
Hicks & Spector , LLC
Nelson & Nelson, Attorneys At Law, PC
Mark G. Schrader LLC
Law Office Of Cheryl R Whitley, LLC
Daley, Sheafor & Roustio, LLC
Courtney Clark Law, PC
Ysursa Law Offices, LLC
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, 200% higher than Michael J. Rousseau's reported 2 employees, and received an average PPP loan of $81,518, 223% higher than this company's loan of $25,200.
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Footnotes & Information
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