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PPP Loan Data — Emergency Technology, Inc., Hudsonville, MI

SBA PPP loan data, payroll data, and salaries for Emergency Technology, Inc.
MI

Emergency Technology, Inc.

Entity: Corporation

Industry: Motor Vehicle Electrical and Electronic Equipment Manufacturing

Location: Hudsonville, MI

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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

Loan Size:

$4.23M

Jobs Retained:

311

Loan Approved:

2020-04-27

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.

Because the loan received by Emergency Technology, 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 - Emergency Technology, Inc. in Hudsonville, MI

Emergency Technology, Inc.
3900 Central Parkway
Hudsonville, MI 49426

Business Industry

Motor Vehicle Electrical and Electronic Equipment Manufacturing (NAICS code 336320)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional 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.

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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/emergency-technology-inc-hudsonville-mi