PPP Loan Data — Gnutti Carlo USA, Inc, Webberville, MI
Gnutti Carlo USA, Inc is a corporation located at 1101 Highview Drive in Webberville, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,715,760.00 in April, 2020.
The company has reported itself as a White female owned business, and employed at least 154 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Gnutti Carlo USA, Inc in Webberville, MI received a Paycheck Protection Loan of $2.72M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Gnutti Carlo USA, Inc's total 2019 payroll expenses were approximately $13.04M in order to qualify for the PPP loan amount received.
Based on their reported 154 jobs retained, this equals an estimated average yearly compensation of $84,647 per employee1.
Business Information - Gnutti Carlo USA, Inc in Webberville, MI
1101 Highview Drive
Webberville, MI 48892
Other Engine Equipment Manufacturing (NAICS code 333618)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: FEMALE OWNED
Veteran Status: NON-VETERANCongressional District: MI-08
Industry PPP Comparison Statistics
Nationwide, 274 businesses in the "Other Engine Equipment Manufacturing" industry received a total of $52,529,169.00 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 14 employees, 91% lower than Gnutti Carlo USA, Inc's reported 154 employees, and received an average PPP loan of $191,712, 93% lower than this company's loan of $2.72M.
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.
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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