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PPP Loan Data — Bayloff Stamped Products Detroit, Inc.,
Van Buren Twp, MI
Bayloff Stamped Products Detroit, Inc.
Entity: Corporation
Industry: Motor Vehicle Metal Stamping
Location: Van Buren Twp, MI
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Bayloff Stamped Products Detroit, Inc. is a corporation located at 5910 Belleville Rd in Van Buren Twp, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,613,400.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
205Loan Approved:
2020-04-07Lender:
PNC BANK, NATIONAL ASSOCIATIONBayloff Stamped Products Detroit, Inc. received a Paycheck Protection Loan of $2.61M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bayloff Stamped Products Detroit, Inc.'s total 2019 payroll expenses were approximately $12.54M in order to qualify for the PPP loan amount received.
Based on their reported 205 jobs retained, this equals an estimated average yearly compensation of $61,192 per employee1.
Business Information - Bayloff Stamped Products Detroit, Inc. in Van Buren Twp, MI
5910 Belleville Rd
Van Buren Twp, MI 48111
Business Industry
Motor Vehicle Metal Stamping (NAICS code 336370)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-12Similar Companies near Van Buren Twp
In the Van Buren Twp area, 3 businesses in the "Motor Vehicle Metal Stamping" industry received a PPP loan. These local businesses reported an average of 117 employees (compared to this company's 205) and received an average PPP loan of $1,641,634 (compared to this company's $2.61M).
Similar Nearby Businesses Who Received PPP Funding:
Lake Martin Wellington, LLC
Van Buren Twp, MI
Wellington-Bellville, Inc.
Van Buren Twp, MI
Industry PPP Comparison Statistics
Nationwide, 197 businesses in the "Motor Vehicle Metal Stamping" industry received a total of $211,847,677.00 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 76 employees, 63% lower than Bayloff Stamped Products Detroit, Inc.'s reported 205 employees, and received an average PPP loan of $1.08M, 59% lower than this company's loan of $2.61M.
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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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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