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PPP Loan Data — Gissing North America LLC, Franklin, MI

SBA PPP loan data, payroll data, and salaries for Gissing North America LLC

Gissing North America LLC

Entity: Limited Liability Company (LLC)

Industry: Automobile Manufacturing

Location: Franklin, MI

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Gissing North America LLC is a limited liability company (LLC) located at 32500 Telegraph Road in Franklin, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,648,710.00 in April, 2020.

$ PPP Loan Information

Loan Size:


Jobs Retained:


Loan Approved:




Gissing North America LLC in Franklin, MI received a Paycheck Protection Loan of $4.65M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Gissing North America LLC's total 2019 payroll expenses were approximately $22.31M in order to qualify for the PPP loan amount received.

Based on their reported 249 jobs retained, this equals an estimated average yearly compensation of $89,614 per employee1.

Because the loan received by Gissing North America 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 - Gissing North America LLC in Franklin, MI

Gissing North America LLC
32500 Telegraph Road
Franklin, MI 48025

Business Industry

Automobile Manufacturing (NAICS code 336111)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-09

Similar Companies near Franklin

In the Franklin area, 2 businesses in the "Automobile Manufacturing" industry received a PPP loan. These local businesses reported an average of 125 employees (compared to this company's 249) and received an average PPP loan of $2,371,205 (compared to this company's $4.65M).

Similar Nearby Businesses Who Received PPP Funding:

New World Etching North America
Fraser, MI

$93,700 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 372 businesses in the "Automobile Manufacturing" industry received a total of $165,660,729.00 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 31 employees, 88% lower than Gissing North America LLC's reported 249 employees, and received an average PPP loan of $445,325, 90% lower than this company's loan of $4.65M.

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.

Search FederalPay's Full PPP Loan Database

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 - The Civil Employee's Resource **