PPP Loan Data — Emergency Technology, Inc., Hudsonville, MI
Emergency Technology, Inc.
Location: Hudsonville, MITweet This • Search All PPP Data
Emergency Technology, Inc. is a corporation located at 3900 Central Parkway in Hudsonville, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,234,758.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 311 people during the applicable loan loan period.
$ PPP Loan Information
Lender:TCF NATIONAL BANK
Emergency Technology, Inc. in Hudsonville, MI received a Paycheck Protection Loan of $4.23M through TCF NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Emergency Technology, Inc.'s total 2019 payroll expenses were approximately $20.33M in order to qualify for the PPP loan amount received.
Based on their reported 311 jobs retained, this equals an estimated average yearly compensation of $65,360 per employee1.
Business Information - Emergency Technology, Inc. in Hudsonville, MI
3900 Central Parkway
Hudsonville, MI 49426
Motor Vehicle Electrical and Electronic Equipment Manufacturing (NAICS code 336320)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional District: MI-02
Industry PPP Comparison Statistics
Nationwide, 276 businesses in the "Motor Vehicle Electrical and Electronic Equipment Manufacturing" industry received a total of $96,271,285.00 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 27 employees, 91% lower than Emergency Technology, Inc.'s reported 311 employees, and received an average PPP loan of $348,809, 92% lower than this company's loan of $4.23M.
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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