PPP Loan Data — Greaney Enterprises, Inc. DBA Tubular Products, Troy, MI
Greaney Enterprises, Inc. DBA Tubular Products is a corporation located at 1440 E Big Beaver Rd in Troy, Michigan that received a Coronavirus-related PPP loan from the SBA of $25,207.00 in May, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Bank of America, National Association
Greaney Enterprises, Inc. DBA Tubular Products in Troy, MI received a Paycheck Protection Loan of $25,207 through Bank of America, National Association, which was approved in May, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Greaney Enterprises, Inc. DBA Tubular Products' 2019 payroll expenses are estimated to be at least $120,994.
Based on their reported 2 jobs retained, this equals an estimated average yearly compensation of $60,497 per employee1
Reported PPP Proceed Usage:
On the PPP application, Greaney Enterprises, Inc. DBA Tubular Products reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,207
Business Information - Greaney Enterprises, Inc. DBA Tubular Products in Troy, MI
1440 E Big Beaver Rd
Troy, MI 48083
Business Owner Demographics
Veteran Status: Unreported
Business Age: New Business or 2 years or less
LMI Zone: Y
Rural / Urban: Urban
Industry PPP Comparison Statistics
PPP recipients in this industry report an average of 0 employees, 100% lower than Greaney Enterprises, Inc. DBA Tubular Products' reported 2 employees, and received an average PPP loan of $0, 100% lower than this company's loan of $25,207.
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Footnotes & Information
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