PPP Loan Data — Orchards Children's Services, Southfield, MI
Orchards Children's Services is a non-profit organization located at 24901 Northwestern Hwy Suite 500 in Southfield, Michigan that received a Coronavirus-related PPP loan from the SBA of $1,976,500.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Citizens Bank, National Association
Orchards Children's Services in Southfield, MI received a Paycheck Protection Loan of $1.98M through Citizens Bank, National Association, 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 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, Orchards Children's Services' 2019 payroll expenses are estimated to be at least $9.49M.
Based on their reported 289 jobs retained, this equals an estimated average yearly compensation of $32,828 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orchards Children's Services reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,976,500
Business Information - Orchards Children's Services in Southfield, MI
24901 Northwestern Hwy Suite 500
Southfield, MI 48075
Other Social Advocacy Organizations
NAICS code 813319
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Southfield
In the Southfield area, 7 businesses in the "Other Social Advocacy Organizations" industry received a PPP loan. These local businesses reported an average of 110 employees (compared to this company's 289) and received an average PPP loan of $454,390 (compared to this company's $1.98M).
Similar Nearby Businesses Who Received PPP Funding:
Metro Solutions, Inc
Detroit Parent Collective LLC
Creative Community Pathways Inc
Detroit Crime Commission
Michigan Colleges Alliance
Industry PPP Comparison Statistics
Nationwide, 9,921 businesses in the "Other Social Advocacy Organizations" industry received a total of $1.43B 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 16 employees, 94% lower than Orchards Children's Services' reported 289 employees, and received an average PPP loan of $144,360, 93% lower than this company's loan of $1.98M.
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Footnotes & Information
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