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PPP Loan Data — Bluewater Technologies,
Southfield, MI
Bluewater Technologies
Entity: Corporation
Industry: All Other Telecommunications
Location: Southfield, MI
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Bluewater Technologies is a corporation located at 24050 Northwestern Hwy in Southfield, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,711,600.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 215 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
215Loan Approved:
2020-04-29Lender:
CAPITOL NATIONAL BANKBluewater Technologies in Southfield, MI received a Paycheck Protection Loan of $3.71M through CAPITOL NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Bluewater Technologies' total 2019 payroll expenses were approximately $17.82M in order to qualify for the PPP loan amount received.
Based on their reported 215 jobs retained, this equals an estimated average yearly compensation of $82,864 per employee1.
Business Information - Bluewater Technologies in Southfield, MI
24050 Northwestern Hwy
Southfield, MI 48075
Business Industry
All Other Telecommunications (NAICS code 517919)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: MI-14Similar Companies near Southfield
In the Southfield area, 4 businesses in the "All Other Telecommunications" industry received a PPP loan. These local businesses reported an average of 59 employees (compared to this company's 215) and received an average PPP loan of $991,862 (compared to this company's $3.71M).
Similar Nearby Businesses Who Received PPP Funding:
Your Wired Solutions LLC
Southfield, MI
Kinnie Media Group, LLC
Lathrup Vlg, MI
Viki Technologies, LLC
Southfield, MI
Industry PPP Comparison Statistics
Nationwide, 6,603 businesses in the "All Other Telecommunications" industry received a total of $691,992,618.00 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, 96% lower than Bluewater Technologies' reported 215 employees, and received an average PPP loan of $104,800, 97% lower than this company's loan of $3.71M.
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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