PPP Loan Data — Q2 Investments, LLC DBA Tahini, Livonia, MI
Q2 Investments, LLC DBA Tahini is a limited liability company (LLC) located at 17378 Haggerty Rd in Livonia, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,250.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:JPMorgan Chase Bank, National Association
Q2 Investments, LLC DBA Tahini in Livonia, MI received a Paycheck Protection Loan of $25,250 through JPMorgan Chase Bank, National Association, which was approved in May, 2020.
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, Q2 Investments, LLC DBA Tahini's 2019 payroll expenses are estimated to be at least $121,200.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,240 per employee1
Reported PPP Proceed Usage:
On the PPP application, Q2 Investments, LLC DBA Tahini reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,100
- Utilities: $4,000
- Rent: $4,810
- Health Care: $500
- Debt Interest: $5,840
Business Information - Q2 Investments, LLC DBA Tahini in Livonia, MI
17378 Haggerty Rd
Livonia, MI 48152
NAICS code 523910
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Livonia
In the Livonia area, 3 businesses in the "Miscellaneous Intermediation" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 5) and received an average PPP loan of $23,253 (compared to this company's $25,250).
Similar Nearby Businesses Who Received PPP Funding:
Clear Financial Advisors LLC
Industry PPP Comparison Statistics
Nationwide, 8,414 businesses in the "Miscellaneous Intermediation" industry received a total of $504.92M 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, 80% higher than Q2 Investments, LLC DBA Tahini's reported 5 employees, and received an average PPP loan of $60,010, 138% higher than this company's loan of $25,250.
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Footnotes & Information
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