PPP Loan Data — MPI Engineered Technologies LLC, Rochester Hills, MI
MPI Engineered Technologies LLC is a limited liability company (LLC) located at 2129 Austin Ave in Rochester Hills, Michigan that received a Coronavirus-related PPP loan from the SBA of $7,109,700.00 in April, 2020.
$ PPP Loan Information
Lender:PNC BANK, NATIONAL ASSOCIATION
MPI Engineered Technologies LLC received a Paycheck Protection Loan of $7.11M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, MPI Engineered Technologies LLC's total 2019 payroll expenses were approximately $34.13M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $68,253 per employee1.
Business Information - MPI Engineered Technologies LLC in Rochester Hills, MI
2129 Austin Ave
Rochester Hills, MI 48309
Motor Vehicle Metal Stamping (NAICS code 336370)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-11
Similar Companies near Rochester Hills
In the Rochester Hills area, 2 businesses in the "Motor Vehicle Metal Stamping" industry received a PPP loan. These local businesses reported an average of 286 employees (compared to this company's 500) and received an average PPP loan of $3,984,400 (compared to this company's $7.11M).
Similar Nearby Businesses Who Received PPP Funding:
Precision Masters Inc
Rochester Hills, MI
Industry PPP Comparison Statistics
Nationwide, 197 businesses in the "Motor Vehicle Metal Stamping" industry received a total of $211,847,677.00 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 76 employees, 85% lower than MPI Engineered Technologies LLC's reported 500 employees, and received an average PPP loan of $1.08M, 85% lower than this company's loan of $7.11M.
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Footnotes & Information
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