PPP Loan Data — Steven E Maple, Hickory Corners, MI
Steven E Maple is a sole proprietorship located at 4390 W Hickory Rd in Hickory Corners, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,355.00 in May, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Mercantile Bank of Michigan
Steven E Maple in Hickory Corners, MI received a Paycheck Protection Loan of $25,355 through Mercantile Bank of Michigan, which was approved in May, 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 January, 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, Steven E Maple's 2019 payroll expenses are estimated to be at least $121,704.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,852 per employee1
Reported PPP Proceed Usage:
On the PPP application, Steven E Maple reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,355
Business Information - Steven E Maple in Hickory Corners, MI
4390 W Hickory Rd
Hickory Corners, MI 49060
NAICS code 561730
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Hickory Corners
In the Hickory Corners area, 2 businesses in the "Landscaping Services" industry received a PPP loan. These local businesses reported an average of 19 employees (compared to this company's 2) and received an average PPP loan of $112,678 (compared to this company's $25,355).
Similar Nearby Businesses Who Received PPP Funding:
Hickory Corners, MI
Industry PPP Comparison Statistics
Nationwide, 138,585 businesses in the "Landscaping Services" industry received a total of $6.03B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 5 employees, 150% higher than Steven E Maple's reported 2 employees, and received an average PPP loan of $43,486, 72% higher than this company's loan of $25,355.
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Footnotes & Information
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