PPP Loan Data — GT Technologies, Inc., Westland, MI
GT Technologies, Inc.
Location: Westland, MITweet This • Search All PPP Data
GT Technologies, Inc. is a corporation located at 5895 E. Executive Drive in Westland, Michigan that received a Coronavirus-related PPP loan from the SBA of $5,850,000.00 in April, 2020.
$ PPP Loan Information
GT Technologies, Inc. in Westland, MI received a Paycheck Protection Loan of $5.85M through EMIGRANT BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, GT Technologies, Inc.'s total 2019 payroll expenses were approximately $28.08M in order to qualify for the PPP loan amount received.
Based on their reported 460 jobs retained, this equals an estimated average yearly compensation of $61,043 per employee1.
Business Information - GT Technologies, Inc. in Westland, MI
5895 E. Executive Drive
Westland, MI 48185
Motor Vehicle Gasoline Engine and Engine Parts Manufacturing (NAICS code 336310)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-13
Industry PPP Comparison Statistics
Nationwide, 423 businesses in the "Motor Vehicle Gasoline Engine and Engine Parts Manufacturing" industry received a total of $129,804,058.00 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 24 employees, 95% lower than GT Technologies, Inc.'s reported 460 employees, and received an average PPP loan of $306,865, 95% lower than this company's loan of $5.85M.
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Footnotes & Information
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