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PPP Loan Data — BB&E, Inc., Northville, MI

SBA PPP loan data, payroll data, and salaries for BB&E, Inc.
MI

BB&E, Inc.

Entity: Subchapter S Corporation

Industry: Engineering Services

Location: Northville, MI

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BB&E, Inc. is a subchapter s corporation located at 235 E Main St in Northville, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,306,704.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.31M

Jobs Retained:

285

Loan Approved:

2020-04-08

Lender:

OXFORD BANK

BB&E, Inc. received a Paycheck Protection Loan of $3.31M through OXFORD BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, BB&E, Inc.'s total 2019 payroll expenses were approximately $15.87M in order to qualify for the PPP loan amount received.

Based on their reported 285 jobs retained, this equals an estimated average yearly compensation of $55,692 per employee1.

Because the loan received by BB&E, Inc. 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 - BB&E, Inc. in Northville, MI

BB&E, Inc.
235 E Main St
Northville, MI 48167

Business Industry

Engineering Services (NAICS code 541330)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-11

Similar Companies near Northville

In the Northville area, 12 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 42 employees (compared to this company's 285) and received an average PPP loan of $578,391 (compared to this company's $3.31M).

Industry PPP Comparison Statistics

Nationwide, 28,113 businesses in the "Engineering Services" industry received a total of $7,024,215,141.00 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 14 employees, 95% lower than BB&E, Inc.'s reported 285 employees, and received an average PPP loan of $249,856, 92% lower than this company's loan of $3.31M.

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.

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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/bb-and-e-inc-northville-mi