PPP Loan Data — Burgaflex Holdings LLC, Fenton, MI
Burgaflex Holdings LLC is a limited liability company (LLC) located at 1101 Copper Ave in Fenton, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,182,000.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
Burgaflex Holdings LLC in Fenton, MI received a Paycheck Protection Loan of $3.18M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Burgaflex Holdings LLC's total 2019 payroll expenses were approximately $15.27M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $61,094 per employee1.
Business Information - Burgaflex Holdings LLC in Fenton, MI
1101 Copper Ave
Fenton, MI 48430
Fluid Power Valve and Hose Fitting Manufacturing (NAICS code 332912)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-05
Industry PPP Comparison Statistics
Nationwide, 212 businesses in the "Fluid Power Valve and Hose Fitting Manufacturing" industry received a total of $94,240,603.00 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 30 employees, 88% lower than Burgaflex Holdings LLC's reported 250 employees, and received an average PPP loan of $444,531, 86% lower than this company's loan of $3.18M.
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.
Have FederalPay.org's open data tools been valuable? Consider donating!