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PPP Loan Data — Greenpath, Inc.,
Farmington Hills, MI
Greenpath, Inc.
Entity: Non-profit Organization
Industry: All Other Professional, Scientific, and Technical Services
Location: Farmington Hills, MI
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Greenpath, Inc. is a non-profit organization located at 36500 Corporate Dr in Farmington Hills, Michigan that received a Coronavirus-related PPP loan from the SBA of $6,100,400.00 in April, 2020.
$ PPP Loan Information
Loan Size:
Jobs Retained:
482Loan Approved:
2020-04-08Lender:
PNC BANK, NATIONAL ASSOCIATIONGreenpath, Inc. in Farmington Hills, MI received a Paycheck Protection Loan of $6.1M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, Greenpath, Inc.'s total 2019 payroll expenses were approximately $29.28M in order to qualify for the PPP loan amount received.
Based on their reported 482 jobs retained, this equals an estimated average yearly compensation of $60,751 per employee1.
Business Information - Greenpath, Inc. in Farmington Hills, MI
36500 Corporate Dr
Farmington Hills, MI 48331
Business Industry
All Other Professional, Scientific, and Technical Services (NAICS code 541990)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: Unreported
Veteran Status: Unreported
Congressional District: MI-14Similar Companies near Farmington Hills
In the Farmington Hills area, 12 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 45 employees (compared to this company's 482) and received an average PPP loan of $608,290 (compared to this company's $6.1M).
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Industry PPP Comparison Statistics
Nationwide, 63,722 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $4,746,522,934.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.
PPP recipients in this industry report an average of 6 employees, 99% lower than Greenpath, Inc.'s reported 482 employees, and received an average PPP loan of $74,488, 99% lower than this company's loan of $6.1M.
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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