PPP Loan Data — Thomas M Cook DBA Cook Dairy Farm, Pewamo, MI
Thomas M Cook DBA Cook Dairy Farm is a sole proprietorship located at 11454 Parks Rd in Pewamo, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,300.00 in April, 2020.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Thomas M Cook DBA Cook Dairy Farm in Pewamo, MI received a Paycheck Protection Loan of $25,300 through Union 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 April, 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, Thomas M Cook DBA Cook Dairy Farm's 2019 payroll expenses are estimated to be at least $121,440.
Based on their reported 4 jobs retained, this equals an estimated average yearly compensation of $30,360 per employee1
Reported PPP Proceed Usage:
On the PPP application, Thomas M Cook DBA Cook Dairy Farm reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,300
Business Information - Thomas M Cook DBA Cook Dairy Farm in Pewamo, MI
11454 Parks Rd
Pewamo, MI 48873
Dairy Cattle and Milk Production
NAICS code 112120
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Pewamo
In the Pewamo area, 6 businesses in the "Dairy Cattle and Milk Production" industry received a PPP loan. These local businesses reported an average of 11 employees (compared to this company's 4) and received an average PPP loan of $99,936 (compared to this company's $25,300).
Similar Nearby Businesses Who Received PPP Funding:
Steenblik Dairy, Inc
Grazeway Dairy Farms
L.c. Dairy LLC
Industry PPP Comparison Statistics
Nationwide, 24,315 businesses in the "Dairy Cattle and Milk Production" industry received a total of $1.23B 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 6 employees, 50% higher than Thomas M Cook DBA Cook Dairy Farm's reported 4 employees, and received an average PPP loan of $50,558, 100% higher than this company's loan of $25,300.
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Footnotes & Information
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