PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA

PPP Loan Data — Guardiantrac, LLC, Sturgis, MI

SBA PPP loan data, payroll data, and salaries for Guardiantrac, LLC
MI

Guardiantrac, LLC

Entity: Limited Liability Company (LLC)

Industry: Home Health Care Services

Location: Sturgis, MI

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Guardiantrac, LLC is a limited liability company (LLC) located at 215 Broadus Street in Sturgis, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,027,210.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.03M

Jobs Retained:

375

Loan Approved:

2020-04-13

Lender:

SOUTHERN MICHIGAN BANK & TRUST

Guardiantrac, LLC in Sturgis, MI received a Paycheck Protection Loan of $3.03M through SOUTHERN MICHIGAN BANK & TRUST, which was approved in April, 2020.

Based on standard PPP eligibility rules, Guardiantrac, LLC's total 2019 payroll expenses were approximately $14.53M in order to qualify for the PPP loan amount received.

Based on their reported 375 jobs retained, this equals an estimated average yearly compensation of $38,748 per employee1.

Because the loan received by Guardiantrac, 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 - Guardiantrac, LLC in Sturgis, MI

Guardiantrac, LLC
215 Broadus Street
Sturgis, MI 49091

Business Industry

Home Health Care Services (NAICS code 621610)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-06

Industry PPP Comparison Statistics

Nationwide, 25,078 businesses in the "Home Health Care Services" industry received a total of $5,322,458,293.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 34 employees, 91% lower than Guardiantrac, LLC's reported 375 employees, and received an average PPP loan of $212,236, 93% lower than this company's loan of $3.03M.

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.

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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 www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/guardiantrac-llc-sturgis-mi