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PPP Loan Data — E & E Manufacturing Company, Inc., Plymouth, MI

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

E & E Manufacturing Company, Inc.

Entity: Corporation

Industry: Motor Vehicle Metal Stamping

Location: Plymouth, MI

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E & E Manufacturing Company, Inc. is a corporation located at 300 Industrial Dr in Plymouth, Michigan that received a Coronavirus-related PPP loan from the SBA of $8,837,500.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$8.84M

Jobs Retained:

500

Loan Approved:

2020-04-07

Lender:

COMERICA BANK

E & E Manufacturing Company, Inc. received a Paycheck Protection Loan of $8.84M through COMERICA BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, E & E Manufacturing Company, Inc.'s total 2019 payroll expenses were approximately $42.42M in order to qualify for the PPP loan amount received.

Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $84,840 per employee1.

Because the loan received by E & E Manufacturing Company, 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 - E & E Manufacturing Company, Inc. in Plymouth, MI

E & E Manufacturing Company, Inc.
300 Industrial Dr
Plymouth, MI 48170

Business Industry

Motor Vehicle Metal Stamping (NAICS code 336370)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-11

Similar Companies near Plymouth

In the Plymouth area, 2 businesses in the "Motor Vehicle Metal Stamping" industry received a PPP loan. These local businesses reported an average of 271 employees (compared to this company's 500) and received an average PPP loan of $4,750,603 (compared to this company's $8.84M).

Similar Nearby Businesses Who Received PPP Funding:

Consolidated Clips & Clamps, Inc.
Plymouth, MI

$663,705 PPP Loan

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, 85% lower than E & E Manufacturing Company, Inc.'s reported 500 employees, and received an average PPP loan of $1.08M, 88% lower than this company's loan of $8.84M.

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/e-and-e-manufacturing-company-inc-plymouth-mi