PPP Loan Data — Hydraulex International Holdings, Inc., Chesterfield, MI
Hydraulex International Holdings, Inc. is a corporation located at 48175 Gratiot Ave in Chesterfield, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,287,500.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 250 people during the applicable loan loan period.
$ PPP Loan Information
Lender:THE HUNTINGTON NATIONAL BANK
Hydraulex International Holdings, Inc. in Chesterfield, MI received a Paycheck Protection Loan of $3.29M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Hydraulex International Holdings, Inc.'s total 2019 payroll expenses were approximately $15.78M in order to qualify for the PPP loan amount received.
Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $63,120 per employee1.
Business Information - Hydraulex International Holdings, Inc. in Chesterfield, MI
48175 Gratiot Ave
Chesterfield, MI 48051
Fluid Power Pump and Motor Manufacturing (NAICS code 333996)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: VETERANCongressional District: MI-10
Industry PPP Comparison Statistics
Nationwide, 187 businesses in the "Fluid Power Pump and Motor Manufacturing" industry received a total of $63,561,826.00 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, 90% lower than Hydraulex International Holdings, Inc.'s reported 250 employees, and received an average PPP loan of $339,903, 90% lower than this company's loan of $3.29M.
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Footnotes & Information
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