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PPP Loan Data — ATA National Title Group LLC, Farmington Hills, MI

SBA PPP loan data, payroll data, and salaries for ATA National Title Group LLC
MI

ATA National Title Group LLC

Entity: Limited Liability Company (LLC)

Industry: Title Abstract and Settlement Offices

Location: Farmington Hills, MI

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ATA National Title Group LLC is a limited liability company (LLC) located at 31440 Northwestern Hwy, #100 in Farmington Hills, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,021,300.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.02M

Jobs Retained:

432

Loan Approved:

2020-04-16

Lender:

PNC BANK, NATIONAL ASSOCIATION

ATA National Title Group LLC in Farmington Hills, MI received a Paycheck Protection Loan of $4.02M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, ATA National Title Group LLC's total 2019 payroll expenses were approximately $19.3M in order to qualify for the PPP loan amount received.

Based on their reported 432 jobs retained, this equals an estimated average yearly compensation of $44,681 per employee1.

Because the loan received by ATA National Title Group LLC is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - ATA National Title Group LLC in Farmington Hills, MI

ATA National Title Group LLC
31440 Northwestern Hwy, #100
Farmington Hills, MI 48334

Business Industry

Title Abstract and Settlement Offices (NAICS code 541191)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-14

Similar Companies near Farmington Hills

In the Farmington Hills area, 4 businesses in the "Title Abstract and Settlement Offices" industry received a PPP loan. These local businesses reported an average of 225 employees (compared to this company's 432) and received an average PPP loan of $1,185,871 (compared to this company's $4.02M).

Industry PPP Comparison Statistics

Nationwide, 4,290 businesses in the "Title Abstract and Settlement Offices" industry received a total of $440,133,288.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 8 employees, 98% lower than ATA National Title Group LLC's reported 432 employees, and received an average PPP loan of $102,595, 97% lower than this company's loan of $4.02M.

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, and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. 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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/ata-national-title-group-llc-farmington-hills-mi