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PPP Loan Data — Raphael Okonkwor, Southfield, MI

ALERT: There are 3 PPP loans for a total of $60,272 in our database for businesses with the name "Raphael Okonkwor" in Southfield, MI. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for Raphael Okonkwor
MI

Raphael Okonkwor

Entity: Self-employed Individual

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Southfield, MI

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Raphael Okonkwor is a self-employed individual located in Southfield, Michigan that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in May, 2021.

The company has reported itself as a Black or african american male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #7026318904

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-05-05

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Raphael Okonkwor in Southfield, MI received a Paycheck Protection Loan of $20,833 through Cross River Bank, which was approved in May, 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. The loan's status was last updated by the SBA in November, -0001.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Raphael Okonkwor reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,831
  • Utilities: $1

Business Information - Raphael Okonkwor in Southfield, MI

Raphael Okonkwor
Southfield, MI
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Oakland County, MI — SBA Office 0515 — Congressional District: MI-14

Similar Companies near Southfield

In the Southfield area, 86 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 1) and received an average PPP loan of $73,567 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 1000% higher than Raphael Okonkwor's reported 1 employees, and received an average PPP loan of $119,313, 473% higher than this company's loan of $20,833.

SBA PPP loan data, payroll data, and salaries for Raphael Okonkwor
MI

Raphael Okonkwor

Entity: Sole Proprietorship

Industry: Offices of Chiropractors

Location: Southfield, MI

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Raphael Okonkwor is a sole proprietorship located in Southfield, Michigan that received a Coronavirus-related PPP loan from the SBA of $20,833.00 in April, 2021.

The company has reported itself as a Black or african american male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #9124938807

Loan Size:

$20,833

Jobs Retained:

1

Loan Approved:

2021-04-23

Loan Status:

Paid in Full or Forgiven

Lender:

JPMorgan Chase Bank, National Association

Raphael Okonkwor in Southfield, MI received a Paycheck Protection Loan of $20,833 through JPMorgan Chase Bank, National Association, which was approved in April, 2021.

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 November, 2021.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Raphael Okonkwor reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $20,831
  • Utilities: $1

Business Information - Raphael Okonkwor in Southfield, MI

Raphael Okonkwor
Southfield, MI
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Chiropractors
NAICS code 621310

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Oakland County, MI — SBA Office 0515 — Congressional District: MI-14

Similar Companies near Southfield

In the Southfield area, 9 businesses in the "Offices of Chiropractors" industry received a PPP loan. These local businesses reported an average of 3 employees (compared to this company's 1) and received an average PPP loan of $41,783 (compared to this company's $20,833).

Industry PPP Comparison Statistics

Nationwide, 49,046 businesses in the "Offices of Chiropractors" industry received a total of $1.52B 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 4 employees, 300% higher than Raphael Okonkwor's reported 1 employees, and received an average PPP loan of $30,936, 48% higher than this company's loan of $20,833.

SBA PPP loan data, payroll data, and salaries for Raphael Okonkwor
MI

Raphael Okonkwor

Entity: Self-employed Individual

Industry: Offices of Physicians (except Mental Health Specialists)

Location: Southfield, MI

Search All PPP Data

Raphael Okonkwor is a self-employed individual located in Southfield, Michigan that received a Coronavirus-related PPP loan from the SBA of $18,606.00 in February, 2021.

The company has reported itself as a Black or african american male owned business, and employed at least one person during the applicable loan loan period.

$ PPP Loan Information
Loan #4149328500

Loan Size:

$18,606

Jobs Retained:

1

Loan Approved:

2021-02-25

Loan Status:

Ongoing Loan

Lender:

Cross River Bank

Raphael Okonkwor in Southfield, MI received a Paycheck Protection Loan of $18,606 through Cross River Bank, which was approved in February, 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. The loan's status was last updated by the SBA in November, -0001.


PPP Calculation Note: The total PPP loan an eligible business or individual can receive is based on 2.5 times their average monthly 2019 payroll expenses, capped at $100,000 annually per employee.

Reported PPP Proceed Usage:

On the PPP application, Raphael Okonkwor reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $18,603
  • Utilities: $1

Business Information - Raphael Okonkwor in Southfield, MI

Raphael Okonkwor
Southfield, MI
* Full address is redacted to protect the privacy of individuals.

Business Industry:
Offices of Physicians (except Mental Health Specialists)
NAICS code 621111

Business Owner Demographics

Race: Black or African American

Ethnicity: Not Hispanic or Latino

Gender: Male Owned

Veteran Status: Non-Veteran

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Oakland County, MI — SBA Office 0515 — Congressional District: MI-14

Similar Companies near Southfield

In the Southfield area, 86 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 1) and received an average PPP loan of $73,567 (compared to this company's $18,606).

Industry PPP Comparison Statistics

Nationwide, 176,427 businesses in the "Offices of Physicians (except Mental Health Specialists)" industry received a total of $21.05B in PPP loans. These businesses account for 2% of total PPP applications submitted, and received 3% of the total PPP funding allocated.

PPP recipients in this industry report an average of 11 employees, 1000% higher than Raphael Okonkwor's reported 1 employees, and received an average PPP loan of $119,313, 541% higher than this company's loan of $18,606.

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.

Search FederalPay's Full PPP Loan Database

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.


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Source: www.federalpay.org/paycheck-protection-program/raphael-okonkwor-southfield-mi