PPP Loan Data — The White Dress, Brighton, MI
The White Dress
Entity: Limited Liability Company (LLC)
Location: Brighton, MITweet This • Search All PPP Data
The White Dress is a limited liability company (LLC) located at 209 W Main St Suite 101 in Brighton, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,260.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least thirteen people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Consumers Professional CU
The White Dress in Brighton, MI received a Paycheck Protection Loan of $25,260 through Consumers Professional CU, 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 November, 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, The White Dress' 2019 payroll expenses are estimated to be at least $121,248.
Based on their reported 13 jobs retained, this equals an estimated average yearly compensation of $9,327 per employee1
Reported PPP Proceed Usage:
On the PPP application, The White Dress reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $10,104
- Utilities: $12,156
- Rent: $3,000
Business Information - The White Dress in Brighton, MI
209 W Main St Suite 101
Brighton, MI 48116
All Other Miscellaneous Store Retailers (except Tobacco Stores)
NAICS code 453998
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Female Owned
Veteran Status: Non-Veteran
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Brighton
In the Brighton area, 14 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a PPP loan. These local businesses reported an average of 4 employees (compared to this company's 13) and received an average PPP loan of $14,596 (compared to this company's $25,260).
Similar Nearby Businesses Who Received PPP Funding:
Classic Tent And Event LLC
Elite Sports LLC
Awards & Specialties, LLC
Concrete Roots LLC
Cedar Design, LLC
Green Bright LLC
Unwind Yarn Shop LLC
Industry PPP Comparison Statistics
Nationwide, 152,436 businesses in the "All Other Miscellaneous Store Retailers (except Tobacco Stores)" industry received a total of $5.23B 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 4 employees, 69% lower than The White Dress' reported 13 employees, and received an average PPP loan of $34,329, 36% higher than this company's loan of $25,260.
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