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PPP Loan Data — Mckechnie Vehicle Components USA, Inc, Roseville, MI

SBA PPP loan data, payroll data, and salaries for Mckechnie Vehicle Components USA, Inc
MI

Mckechnie Vehicle Components USA, Inc

Entity: Corporation

Industry: Motor Vehicle Seating and Interior Trim Manufacturing

Location: Roseville, MI

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Mckechnie Vehicle Components USA, Inc is a corporation located at 27087 Gratiot Ave in Roseville, Michigan that received a Coronavirus-related PPP loan from the SBA of $4,509,490.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 454 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$4.51M

Jobs Retained:

454

Loan Approved:

2020-04-10

Lender:

GREATER NEVADA CU

Mckechnie Vehicle Components USA, Inc received a Paycheck Protection Loan of $4.51M through GREATER NEVADA CU, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mckechnie Vehicle Components USA, Inc's total 2019 payroll expenses were approximately $21.65M in order to qualify for the PPP loan amount received.

Based on their reported 454 jobs retained, this equals an estimated average yearly compensation of $47,677 per employee1.

Because the loan received by Mckechnie Vehicle Components USA, Inc 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 - Mckechnie Vehicle Components USA, Inc in Roseville, MI

Mckechnie Vehicle Components USA, Inc
27087 Gratiot Ave
Roseville, MI 48066

Business Industry

Motor Vehicle Seating and Interior Trim Manufacturing (NAICS code 336360)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: MI-09

Industry PPP Comparison Statistics

Nationwide, 173 businesses in the "Motor Vehicle Seating and Interior Trim Manufacturing" industry received a total of $100,884,531.00 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 50 employees, 89% lower than Mckechnie Vehicle Components USA, Inc's reported 454 employees, and received an average PPP loan of $583,148, 87% lower than this company's loan of $4.51M.

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, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) 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/mckechnie-vehicle-components-usa-inc-roseville-mi