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PPP Loan Data — Eventlink, LLC, Sterling Heights, MI

SBA PPP loan data, payroll data, and salaries for Eventlink, LLC
MI

Eventlink, LLC

Entity: Limited Liability Company (LLC)

Industry: All Other Support Services

Location: Sterling Heights, MI

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Eventlink, LLC is a limited liability company (LLC) located at 5500 18 Mile Road in Sterling Heights, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,625,283.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.63M

Jobs Retained:

500

Loan Approved:

2020-04-14

Lender:

TCF NATIONAL BANK

Eventlink, LLC in Sterling Heights, MI received a Paycheck Protection Loan of $4.63M through TCF NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Eventlink, LLC's total 2019 payroll expenses were approximately $22.2M 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 $44,403 per employee1.

Because the loan received by Eventlink, LLC 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 - Eventlink, LLC in Sterling Heights, MI

Eventlink, LLC
5500 18 Mile Road
Sterling Heights, MI 48314

Business Industry

All Other Support Services (NAICS code 561990)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-10

Similar Companies near Sterling Heights

In the Sterling Heights area, 12 businesses in the "All Other Support Services" industry received a PPP loan. These local businesses reported an average of 50 employees (compared to this company's 500) and received an average PPP loan of $428,985 (compared to this company's $4.63M).

Industry PPP Comparison Statistics

Nationwide, 26,446 businesses in the "All Other Support Services" industry received a total of $1,388,180,245.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 6 employees, 99% lower than Eventlink, LLC's reported 500 employees, and received an average PPP loan of $52,491, 99% lower than this company's loan of $4.63M.

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/eventlink-llc-sterling-heights-mi