FederalPay.org
PPP Loan Data — Patio Land MFG. Inc,
Warren, MI
Patio Land MFG. Inc
Entity: Corporation
Industry: Other Miscellaneous Nondurable Goods Merchant Wholesalers
Location: Warren, MI
Tweet This
•
Search All PPP Data
Patio Land MFG. Inc is a corporation located at 8407 in Warren, Michigan that received a Coronavirus-related PPP loan from the SBA of $12,336.00 in January, 2021.
The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.
$
PPP Loan Information
Loan #2207888308
Loan Size:
Jobs Retained:
4Loan Approved:
2021-01-20Loan Status:
Ongoing LoanLender:
Itria Ventures LLCPatio Land MFG. Inc in Warren, MI received a Paycheck Protection Loan of $12,336 through Itria Ventures LLC, 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, Patio Land MFG. Inc's 2019 payroll expenses are estimated to be at least $59,213.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $14,803 per employee1
Reported PPP Proceed Usage:
On the PPP application, Patio Land MFG. Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $12,334
Business Information - Patio Land MFG. Inc in Warren, MI
8407
Warren, MI 48089
Business Industry:
Other Miscellaneous Nondurable Goods Merchant Wholesalers
NAICS code 424990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: N
Rural / Urban: Urban
Industry PPP Comparison Statistics
Nationwide, 15,020 businesses in the "Other Miscellaneous Nondurable Goods Merchant Wholesalers" industry received a total of $1.34B 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 9 employees, 125% higher than Patio Land MFG. Inc's reported 4 employees, and received an average PPP loan of $88,974, 621% higher than this company's loan of $12,336.
Patio Land MFG., Inc
Entity: Corporation
Industry: All Other Specialty Trade Contractors
Location: Warren, MI
Tweet This
•
Search All PPP Data
Patio Land MFG., Inc is a corporation located at 8407 E. Nine Mile Road in Warren, Michigan that received a Coronavirus-related PPP loan from the SBA of $8,500.00 in April, 2020.
The company has reported itself as a female owned business, and employed at least four people during the applicable loan loan period.
$
PPP Loan Information
Loan #7463917201
Loan Size:
Jobs Retained:
4Loan Approved:
2020-04-28Loan Status:
Paid in Full or ForgivenLender:
Comerica BankPatio Land MFG., Inc in Warren, MI received a Paycheck Protection Loan of $8,500 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, Patio Land MFG., Inc's 2019 payroll expenses are estimated to be at least $40,800.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $10,200 per employee1
Reported PPP Proceed Usage:
On the PPP application, Patio Land MFG., Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $8,500
Business Information - Patio Land MFG., Inc in Warren, MI
8407 E. Nine Mile Road
Warren, MI 48089
Business Industry:
All Other Specialty Trade Contractors
NAICS code 238990
Business Owner Demographics
Race: Unreported
Ethnicity: Unreported
Gender: Female Owned
Veteran Status: Non-Veteran
Business Demographics
Business Age: Existing or more than 2 years old
LMI Zone: Y
HUBZone: Y
Rural / Urban: Urban
Similar Companies near Warren
In the Warren area, 14 businesses in the "All Other Specialty Trade Contractors" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 4) and received an average PPP loan of $256,905 (compared to this company's $8,500).
Similar Nearby Businesses Who Received PPP Funding:
Belle Isle Awning Company
Warren, MI
Future Fence Company
Warren, MI
Sean Parrish
Warren, MI
Doetsch Environmental Inc
Warren, MI
Gary L Peters
Warren, MI
Worldwide Industrial Contracting LLC
Warren, MI
Brencal Contractors, Inc
Warren, MI
My Granite Company LLC
Warren, MI
Joshua Dohm
Warren, MI
Industry PPP Comparison Statistics
Nationwide, 92,275 businesses in the "All Other Specialty Trade Contractors" industry received a total of $8.02B 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 8 employees, 100% higher than Patio Land MFG., Inc's reported 4 employees, and received an average PPP loan of $86,934, 923% higher than this company's loan of $8,500.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!