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PPP Loan Data — The Michigan Humane Society, Franklin, MI

SBA PPP loan data, payroll data, and salaries for The Michigan Humane Society
MI Nonprofit Organization

The Michigan Humane Society

Entity: Non-profit Organization

Industry: Environment, Conservation and Wildlife Organizations

Location: Franklin, MI

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The Michigan Humane Society is a non-profit organization located at 30300 Telegraph Road in Franklin, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,548,400.00 in April, 2020.

The company has reported itself as a White male owned non-profit, and employed at least 250 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$2.55M

Jobs Retained:

250

Loan Approved:

2020-04-07

Lender:

THE HUNTINGTON NATIONAL BANK

The Michigan Humane Society in Franklin, MI received a Paycheck Protection Loan of $2.55M through THE HUNTINGTON NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, The Michigan Humane Society's total 2019 payroll expenses were approximately $12.23M in order to qualify for the PPP loan amount received.

Based on their reported 250 jobs retained, this equals an estimated average yearly compensation of $48,929 per employee1.

Because the loan received by The Michigan Humane Society 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 Michigan Humane Society in Franklin, MI

The Michigan Humane Society
30300 Telegraph Road
Franklin, MI 48025

Business Industry

Environment, Conservation and Wildlife Organizations (NAICS code 813312)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: MI-09

Industry PPP Comparison Statistics

Nationwide, 2,247 businesses in the "Environment, Conservation and Wildlife Organizations" industry received a total of $316,738,987.00 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 13 employees, 95% lower than The Michigan Humane Society's reported 250 employees, and received an average PPP loan of $140,961, 94% lower than this company's loan of $2.55M.

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/the-michigan-humane-society-franklin-mi