PPP Loan Data — Auxo Die Holdings, LLC, Rochester Hills, MI
Auxo Die Holdings, LLC
Entity: Limited Liability Company (LLC)
Location: Rochester Hills, MITweet This • Search All PPP Data
Auxo Die Holdings, LLC is a limited liability company (LLC) located at 2960 Technology Dr in Rochester Hills, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,854,857.00 in April, 2020.
$ PPP Loan Information
Lender:MERCANTILE BANK OF MICHIGAN
Auxo Die Holdings, LLC in Rochester Hills, MI received a Paycheck Protection Loan of $3.85M through MERCANTILE BANK OF MICHIGAN, which was approved in April, 2020.
Based on standard PPP eligibility rules, Auxo Die Holdings, LLC's total 2019 payroll expenses were approximately $18.5M in order to qualify for the PPP loan amount received.
Based on their reported 213 jobs retained, this equals an estimated average yearly compensation of $86,870 per employee1.
Business Information - Auxo Die Holdings, LLC in Rochester Hills, MI
2960 Technology Dr
Rochester Hills, MI 48309
Special Die and Tool, Die Set, Jig, and Fixture Manufacturing (NAICS code 333514)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-11
Similar Companies near Rochester Hills
In the Rochester Hills area, 3 businesses in the "Special Die and Tool, Die Set, Jig, and Fixture Manufacturing" industry received a PPP loan. These local businesses reported an average of 74 employees (compared to this company's 213) and received an average PPP loan of $1,328,541 (compared to this company's $3.85M).
Similar Nearby Businesses Who Received PPP Funding:
Quad Precision Tool Co Inc
Rochester Hls, MI
Granite Precision Tool Corp
Industry PPP Comparison Statistics
Nationwide, 1,417 businesses in the "Special Die and Tool, Die Set, Jig, and Fixture Manufacturing" industry received a total of $407,746,564.00 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 19 employees, 91% lower than Auxo Die Holdings, LLC's reported 213 employees, and received an average PPP loan of $287,753, 93% lower than this company's loan of $3.85M.
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.
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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