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PPP Loan Data — The Behler-Young Company, Wyoming, MI

SBA PPP loan data, payroll data, and salaries for The Behler-Young Company
MI

The Behler-Young Company

Entity: Corporation

Industry: Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers

Location: Wyoming, MI

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The Behler-Young Company is a corporation located at 4900 Clyde Park Ave Sw in Wyoming, Michigan that received a Coronavirus-related PPP loan from the SBA of $3,538,100.00 in April, 2020.

The company has reported itself as a male owned business, and employed at least 219 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.54M

Jobs Retained:

219

Loan Approved:

2020-04-05

Lender:

MERCANTILE BANK OF MICHIGAN

The Behler-Young Company in Wyoming, MI received a Paycheck Protection Loan of $3.54M through MERCANTILE BANK OF MICHIGAN, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Behler-Young Company's total 2019 payroll expenses were approximately $16.98M in order to qualify for the PPP loan amount received.

Based on their reported 219 jobs retained, this equals an estimated average yearly compensation of $77,547 per employee1.

Because the loan received by The Behler-Young Company 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 - The Behler-Young Company in Wyoming, MI

The Behler-Young Company
4900 Clyde Park Ave Sw
Wyoming, MI 49509

Business Industry

Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers (NAICS code 423730)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: MALE OWNED

Veteran Status: Unreported

Congressional District: MI-02

Industry PPP Comparison Statistics

Nationwide, 1,396 businesses in the "Warm Air Heating and Air-Conditioning Equipment and Supplies Merchant Wholesalers" industry received a total of $430,484,287.00 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 19 employees, 91% lower than The Behler-Young Company's reported 219 employees, and received an average PPP loan of $308,370, 91% lower than this company's loan of $3.54M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/the-behler-young-company-wyoming-mi