PPP Loan Data — E.T. Mackenzie Company, Grand Ledge, MI
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
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.
Business Information - E.T. Mackenzie Company in Grand Ledge, MI
4248 W Saginaw Hwy
Grand Ledge, MI 48837
Site Preparation Contractors (NAICS code 238910)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional 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).
Similar Nearby Businesses Who Received PPP Funding:
Grand Ledge, MI
Site Services, Inc.
Grand Ledge, MI
Eastwood's Trucking LLC
Joe Raica Excavating, Inc
Kensington Valley Excavating, LLC
Richards Septic Tank Service Inc
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.
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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