PPP Loan Data — Piechniks Garden Gate, Oakland, MI
Piechniks Garden Gate is a subchapter s corporation located at 1095 Rochester Rd in Oakland, Michigan that received a Coronavirus-related PPP loan from the SBA of $24,925.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Piechniks Garden Gate in Oakland, MI received a Paycheck Protection Loan of $24,925 through Oxford 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 April, 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, Piechniks Garden Gate's 2019 payroll expenses are estimated to be at least $119,640.
Based on their reported 23 jobs retained, this equals an estimated average yearly compensation of $5,202 per employee1
Reported PPP Proceed Usage:
On the PPP application, Piechniks Garden Gate reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $24,925
Business Information - Piechniks Garden Gate in Oakland, MI
1095 Rochester Rd
Oakland, MI 48363
Landscape Architectural Services
NAICS code 541320
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Oakland
In the Oakland area, 2 businesses in the "Landscape Architectural Services" industry received a PPP loan. These local businesses reported an average of 17 employees (compared to this company's 23) and received an average PPP loan of $34,413 (compared to this company's $24,925).
Similar Nearby Businesses Who Received PPP Funding:
GOE Landscaping & Design LLC
Lake Orion, MI
Industry PPP Comparison Statistics
Nationwide, 19,939 businesses in the "Landscape Architectural Services" 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, 61% lower than Piechniks Garden Gate's reported 23 employees, and received an average PPP loan of $67,388, 170% higher than this company's loan of $24,925.
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Footnotes & Information
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