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PPP Loan Data — Urgent Design And Manufacturing Inc, Lapeer, MI

SBA PPP loan data, payroll data, and salaries for Urgent Design And Manufacturing Inc
MI

Urgent Design And Manufacturing Inc

Entity: Corporation

Industry: Rolling Mill and Other Metalworking Machinery Manufacturing

Location: Lapeer, MI

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Urgent Design And Manufacturing Inc is a corporation located at 3142 John Conley Dr in Lapeer, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,495,200.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.5M

Jobs Retained:

0 Unreported

Loan Approved:

2020-04-14

Lender:

PNC BANK, NATIONAL ASSOCIATION

Urgent Design And Manufacturing Inc in Lapeer, MI received a Paycheck Protection Loan of $2.5M through PNC BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Urgent Design And Manufacturing Inc's total 2019 payroll expenses were approximately $11.98M in order to qualify for the PPP loan amount received.

Unlike most businesses, Urgent Design And Manufacturing Inc's PPP data does not report the number of jobs retained by their receipt of the Paycheck Protection Loan (some banks did not release this infomation from their loan applications). Without this data, per-employee payrolls for this company cannot be estimated.

Because the loan received by Urgent Design And Manufacturing Inc 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 - Urgent Design And Manufacturing Inc in Lapeer, MI

Urgent Design And Manufacturing Inc
3142 John Conley Dr
Lapeer, MI 48446

Business Industry

Rolling Mill and Other Metalworking Machinery Manufacturing (NAICS code 333519)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: MI-10

Similar Companies near Lapeer

In the Lapeer area, 3 businesses in the "Rolling Mill and Other Metalworking Machinery Manufacturing" industry received a PPP loan. These local businesses reported an average of 20 employees (compared to this company's 0) and received an average PPP loan of $1,048,083 (compared to this company's $2.5M).

Industry PPP Comparison Statistics

Nationwide, 330 businesses in the "Rolling Mill and Other Metalworking Machinery Manufacturing" industry received a total of $107,905,989.00 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 23 employees, and received an average PPP loan of $326,988, 87% lower than this company's loan of $2.5M.

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.

Search FederalPay's Full PPP Loan Database

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/urgent-design-and-manufacturing-inc-lapeer-mi