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PPP Loan Data — Dominion Technologies Group, Inc., Roseville, MI

SBA PPP loan data, payroll data, and salaries for Dominion Technologies Group, Inc.
MI

Dominion Technologies Group, Inc.

Entity: Subchapter S Corporation

Industry: Rolling Mill and Other Metalworking Machinery Manufacturing

Location: Roseville, MI

Search All PPP Data

Dominion Technologies Group, Inc. is a subchapter s corporation located at 15736 Sturgeon St in Roseville, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,480,400.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.48M

Jobs Retained:

180

Loan Approved:

2020-04-11

Lender:

COMERICA BANK

Dominion Technologies Group, Inc. received a Paycheck Protection Loan of $3.48M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Dominion Technologies Group, Inc.'s total 2019 payroll expenses were approximately $16.71M in order to qualify for the PPP loan amount received.

Based on their reported 180 jobs retained, this equals an estimated average yearly compensation of $92,811 per employee1.

Because the loan received by Dominion Technologies Group, 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 - Dominion Technologies Group, Inc. in Roseville, MI

Dominion Technologies Group, Inc.
15736 Sturgeon St
Roseville, MI 48066

Business Industry

Rolling Mill and Other Metalworking Machinery Manufacturing (NAICS code 333519)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-09

Similar Companies near Roseville

In the Roseville area, 2 businesses in the "Rolling Mill and Other Metalworking Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 98 employees (compared to this company's 180) and received an average PPP loan of $1,828,473 (compared to this company's $3.48M).

Similar Nearby Businesses Who Received PPP Funding:

DNL Fabrication, LLC
Roseville, MI

$176,545 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 330 businesses in the "Rolling Mill and Other Metalworking Machinery Manufacturing" industry received a total of $107,905,989.00 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 23 employees, 87% lower than Dominion Technologies Group, Inc.'s reported 180 employees, and received an average PPP loan of $326,988, 91% lower than this company's loan of $3.48M.

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.

Search FederalPay's Full PPP Loan Database

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/dominion-technologies-group-inc-roseville-mi