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PPP Loan Data — E.T. Mackenzie Company, Grand Ledge, MI

SBA PPP loan data, payroll data, and salaries for E.T. Mackenzie Company
MI

E.T. Mackenzie Company

Entity: Subchapter S Corporation

Industry: Site Preparation Contractors

Location: Grand Ledge, MI

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E.T. Mackenzie Company is a subchapter s corporation located at 4248 W Saginaw Hwy in Grand Ledge, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,557,900.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.56M

Jobs Retained:

171

Loan Approved:

2020-04-12

Lender:

OLD NATIONAL BANK

E.T. Mackenzie Company received a Paycheck Protection Loan of $2.56M through OLD NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, E.T. Mackenzie Company's total 2019 payroll expenses were approximately $12.28M in order to qualify for the PPP loan amount received.

Based on their reported 171 jobs retained, this equals an estimated average yearly compensation of $71,801 per employee1.

Because the loan received by E.T. Mackenzie Company 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.T. Mackenzie Company in Grand Ledge, MI

E.T. Mackenzie Company
4248 W Saginaw Hwy
Grand Ledge, MI 48837

Business Industry

Site Preparation Contractors (NAICS code 238910)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-07

Similar Companies near Grand Ledge

In the Grand Ledge area, 7 businesses in the "Site Preparation Contractors" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 171) and received an average PPP loan of $431,273 (compared to this company's $2.56M).

Industry PPP Comparison Statistics

Nationwide, 17,653 businesses in the "Site Preparation Contractors" industry received a total of $2,959,828,729.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 12 employees, 93% lower than E.T. Mackenzie Company's reported 171 employees, and received an average PPP loan of $167,667, 93% lower than this company's loan of $2.56M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/et-mackenzie-company-grand-ledge-mi