PPP Loan Data — Neyer Tiseo & Hindo Limited, Northville, MI
Neyer Tiseo & Hindo Limited is a corporation located at 41780 6 Mile Rd in Northville, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,168,700.00 in April, 2020.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:PNC Bank, National Association
Neyer Tiseo & Hindo Limited in Northville, MI received a Paycheck Protection Loan of $2.17M through PNC Bank, National Association, which was approved in April, 2020.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Neyer Tiseo & Hindo Limited's 2019 payroll expenses are estimated to be at least $10.41M.
Based on their reported 112 jobs retained, this equals an estimated average yearly compensation of $92,944 per employee1
Reported PPP Proceed Usage:
On the PPP application, Neyer Tiseo & Hindo Limited reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $2,168,700
Business Information - Neyer Tiseo & Hindo Limited in Northville, MI
41780 6 Mile Rd
Northville, MI 48168
NAICS code 541330
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Urban
Similar Companies near Northville
In the Northville area, 22 businesses in the "Engineering Services" industry received a PPP loan. These local businesses reported an average of 27 employees (compared to this company's 112) and received an average PPP loan of $378,532 (compared to this company's $2.17M).
Similar Nearby Businesses Who Received PPP Funding:
Seiber Keast Engineering LLC
Ambe Engineering LLC
Grissim Metz Andriese Associates, Inc
Progressive Solutions LLC
Schneyer Automotive Technologies, LLC
Industry PPP Comparison Statistics
Nationwide, 47,152 businesses in the "Engineering Services" industry received a total of $9.19B in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 13 employees, 88% lower than Neyer Tiseo & Hindo Limited's reported 112 employees, and received an average PPP loan of $194,873, 91% lower than this company's loan of $2.17M.
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Footnotes & Information
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