PPP Loan Data — Perkins Law Group, PLLC, Detroit, MI
Perkins Law Group, PLLC is a limited liability company (LLC) located at 615 Griswold, Suite. 400 in Detroit, Michigan that received a Coronavirus-related PPP loan from the SBA of $64,193.00 in May, 2020.
The company has reported itself as a male owned business, and employed at least seventeen people during the applicable loan loan period.
$ PPP Loan Information
Lender:TCF NATIONAL BANK
Perkins Law Group, PLLC received a Paycheck Protection Loan of $64,193 through TCF NATIONAL BANK, which was approved in May, 2020.
Based on standard PPP eligibility rules, Perkins Law Group, PLLC's total 2019 payroll expenses were approximately $308,126 in order to qualify for the PPP loan amount received.
Based on their reported 17 jobs retained, this equals an estimated average yearly compensation of $18,125 per employee1.
Business Information - Perkins Law Group, PLLC in Detroit, MI
615 Griswold, Suite. 400
Detroit, MI 48226
Offices of Lawyers (NAICS code 541110)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MI-13
Similar Companies near Detroit
In the Detroit area, 63 businesses in the "Offices of Lawyers" industry received a PPP loan. These local businesses reported an average of 26 employees (compared to this company's 17) and received an average PPP loan of $547,088 (compared to this company's $64,193).
Similar Nearby Businesses Who Received PPP Funding:
Lawrence R. Walker
Hickey Hauck Bishoff & Jeffers, PLLC
Marko Law PLLC
Kerr, Russell And Weber, Plc
Janice L Burns PC
Ayad Law, PLLC
Law Offices Of Peter C Rageas PC
Paul H Huth, PC
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, 65% lower than Perkins Law Group, PLLC's reported 17 employees, and received an average PPP loan of $94,010, 46% higher than this company's loan of $64,193.
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. 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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