PPP Loan Data — Michael Morse, Buffalo, NY
Michael Morse is a sole proprietorship located in Buffalo, New York that received a Coronavirus-related PPP loan from the SBA of $11,636.00 in February, 2021.
The company has reported itself as a White male owned business, and employed at least one person during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Celtic Bank Corporation
Michael Morse in Buffalo, NY received a Paycheck Protection Loan of $11,636 through Celtic Bank Corporation, which was approved in February, 2021.
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 September, 2021.
Reported PPP Proceed Usage:
On the PPP application, Michael Morse reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $11,635
Business Information - Michael Morse in Buffalo, NY
* Full address is redacted to protect the privacy of individuals.
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: N
Rural / Urban: Urban
Businesses Using Same Address:
There are 3 other businesses that received a PPP loan registered to the same address as Michael Morse.
Law Office Of Brian Flessa
Offices of Lawyers
Legal Counsel and Prosecution
Russell Wealth Management
Investment Banking and Securities Dealing
Similar Companies near Buffalo
In the Buffalo area, 255 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 1) and received an average PPP loan of $208,902 (compared to this company's $11,636).
Similar Nearby Businesses Who Received PPP Funding:
Nelson S. Torre
Tommaney Law PLLC
Patrick Quinlivan, ESQ
Serotte Reich PLLC
Schroder, Joseph & Associates, LLP
Francis M. Letro Attorneys At Law
Fitzgerald & Roller PC
Frank B. Scibilia, ESQ
Industry PPP Comparison Statistics
Nationwide, 200,503 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, 500% higher than Michael Morse's reported 1 employees, and received an average PPP loan of $81,670, 602% higher than this company's loan of $11,636.
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.
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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