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PPP Loan Data — Orlans PC, Troy, MI

SBA PPP loan data, payroll data, and salaries for Orlans PC
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 $3,403,600.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.4M

Jobs Retained:

283

Loan Approved:

2020-04-27

Lender:

COMERICA BANK

Orlans PC received a Paycheck Protection Loan of $3.4M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Orlans PC's total 2019 payroll expenses were approximately $16.34M in order to qualify for the PPP loan amount received.

Based on their reported 283 jobs retained, this equals an estimated average yearly compensation of $57,729 per employee1.

Because the loan received by Orlans PC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Orlans PC in Troy, MI

Orlans PC
1650 W Big Beaver Rd
Troy, MI 48084

Business Industry

Offices of Lawyers (NAICS code 541110)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-11

Similar Companies near Troy

In the Troy area, 108 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 $207,608 (compared to this company's $3.4M).

Industry PPP Comparison Statistics

Nationwide, 126,779 businesses in the "Offices of Lawyers" industry received a total of $11,918,471,350.00 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 $94,010, 97% 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.

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Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/orlans-pc-troy-mi