PPP Loan Data — TFI Inc DBA Alpine Power Systems, Inc, Redford, MI
TFI Inc DBA Alpine Power Systems, Inc
Industry: Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers
Location: Redford, MITweet This • Search All PPP Data
TFI Inc DBA Alpine Power Systems, Inc is a corporation located at 24355 Capitol in Redford, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,576,932.00 in April, 2020.
$ PPP Loan Information
Lender:JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
TFI Inc DBA Alpine Power Systems, Inc in Redford, MI received a Paycheck Protection Loan of $2.58M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.
Based on standard PPP eligibility rules, TFI Inc DBA Alpine Power Systems, Inc's total 2019 payroll expenses were approximately $12.37M in order to qualify for the PPP loan amount received.
Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $79,290 per employee1.
Business Information - TFI Inc DBA Alpine Power Systems, Inc in Redford, MI
Redford, MI 48239
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-13
Industry PPP Comparison Statistics
Nationwide, 4,322 businesses in the "Electrical Apparatus and Equipment, Wiring Supplies, and Related Equipment Merchant Wholesalers" industry received a total of $994,969,830.00 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 15 employees, 90% lower than TFI Inc DBA Alpine Power Systems, Inc's reported 156 employees, and received an average PPP loan of $230,211, 91% lower than this company's loan of $2.58M.
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.
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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