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PPP Loan Data — Orlans PC,
Troy, MI
Orlans PC
Entity: Subchapter S Corporation
Industry: Offices of Lawyers
Location: Troy, MI
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Orlans PC is a subchapter s corporation located at 1650 W Big Beaver Rd in Troy, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in January, 2021.
$
PPP Loan Information
Loan #8529158301
Loan Size:
Jobs Retained:
169Loan Approved:
2021-01-29Loan Status:
Ongoing LoanLender:
Comerica BankOrlans PC in Troy, MI received a Paycheck Protection Loan of $2M through Comerica Bank, which was approved in January, 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.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Orlans PC's 2019 payroll expenses are estimated to be at least $9.6M.
Based on their reported 169 jobs retained, this equals an estimated average yearly compensation of $56,805 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orlans PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,999,996
- Utilities: $1
Business Information - Orlans PC in Troy, MI
1650 W Big Beaver Rd
Troy, MI 48084
Business Industry:
Offices of Lawyers
NAICS code 541110
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
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Orlans PC.
Etitle Agency Inc
All Other Professional, Scientific, and Technical Services
Similar Companies near Troy
In the Troy area, 180 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 169) and received an average PPP loan of $169,126 (compared to this company's $2M).
Similar Nearby Businesses Who Received PPP Funding:
Blanco Wilczynski PLLC
Troy, MI
David Laidlaw
Troy, MI
Cieslaklaw PLLC
Troy, MI
Gwinn Legal PLLC
Troy, MI
Raggio & Dinnin PC
Troy, MI
Lawrence J Acker PC
Troy, MI
Rossman, PC
Troy, MI
Hilf & Hilf Plc
Troy, MI
Thomas N Young PC
Troy, MI
Industry PPP Comparison Statistics
Nationwide, 200,507 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, 96% lower than Orlans PC's reported 169 employees, and received an average PPP loan of $81,669, 96% lower than this company's loan of $2M.
Orlans PC
Entity: Subchapter S Corporation
Industry: Offices of Lawyers
Location: Troy, MI
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•
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Orlans PC is a subchapter s corporation located at 1650 W Big Beaver Rd in Troy, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,403,600.00 in April, 2020.
$
PPP Loan Information
Loan #5786477206
Loan Size:
Jobs Retained:
283Loan Approved:
2020-04-27Loan Status:
Paid in Full or ForgivenLender:
Comerica BankOrlans PC in Troy, MI received a Paycheck Protection Loan of $3.4M through Comerica Bank, 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 October, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.
Read MoreUnderstanding Payroll Estimates Based On PPP Amount
Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.
Read MoreBased 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, Orlans PC's 2019 payroll expenses are estimated to be at least $16.34M.
Based on their reported 283 jobs retained, this equals an estimated average yearly compensation of $57,729 per employee1
Reported PPP Proceed Usage:
On the PPP application, Orlans PC reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,722,958
- Mortgage Interest: $680,642
Business Information - Orlans PC in Troy, MI
1650 W Big Beaver Rd
Troy, MI 48084
Business Industry:
Offices of Lawyers
NAICS code 541110
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
Businesses Using Same Address:
There is one other business that received a PPP loan registered to the same address as Orlans PC.
Etitle Agency Inc
All Other Professional, Scientific, and Technical Services
Similar Companies near Troy
In the Troy area, 180 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 283) and received an average PPP loan of $169,126 (compared to this company's $3.4M).
Similar Nearby Businesses Who Received PPP Funding:
Blanco Wilczynski PLLC
Troy, MI
David Laidlaw
Troy, MI
Cieslaklaw PLLC
Troy, MI
Gwinn Legal PLLC
Troy, MI
Raggio & Dinnin PC
Troy, MI
Lawrence J Acker PC
Troy, MI
Rossman, PC
Troy, MI
Hilf & Hilf Plc
Troy, MI
Thomas N Young PC
Troy, MI
Industry PPP Comparison Statistics
Nationwide, 200,507 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, 98% lower than Orlans PC's reported 283 employees, and received an average PPP loan of $81,669, 98% lower than this company's loan of $3.4M.
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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