PPP Loan Data — The Children's Grief Center Of The Great Lakes Bay Region, Midland, MI
The Children's Grief Center Of The Great Lakes Bay Region is a non-profit organization located at 4702 James Savage in Midland, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,395.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:The Huntington National Bank
The Children's Grief Center Of The Great Lakes Bay Region in Midland, MI received a Paycheck Protection Loan of $25,395 through The Huntington National 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 May, 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, The Children's Grief Center Of The Great Lakes Bay Region's 2019 payroll expenses are estimated to be at least $121,896.
Based on their reported 5 jobs retained, this equals an estimated average yearly compensation of $24,379 per employee1
Reported PPP Proceed Usage:
On the PPP application, The Children's Grief Center Of The Great Lakes Bay Region reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,395
Business Information - The Children's Grief Center Of The Great Lakes Bay Region in Midland, MI
4702 James Savage
Midland, MI 48642
Other Individual and Family Services
NAICS code 624190
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: Y
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 25,118 businesses in the "Other Individual and Family Services" industry received a total of $2.96B 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 16 employees, 220% higher than The Children's Grief Center Of The Great Lakes Bay Region's reported 5 employees, and received an average PPP loan of $117,860, 364% higher than this company's loan of $25,395.
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Footnotes & Information
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