PPP Loan Data — Verita Telecommunications Corp, Plymouth, MI
Verita Telecommunications Corp
Location: Plymouth, MITweet This • Search All PPP Data
Verita Telecommunications Corp is a corporation located at 47059 Five Mile Rd in Plymouth, Michigan that received a Coronavirus-related PPP loan from the SBA of $2,530,500.00 in April, 2020.
$ PPP Loan Information
Lender:THE STATE BANK
Verita Telecommunications Corp in Plymouth, MI received a Paycheck Protection Loan of $2.53M through THE STATE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Verita Telecommunications Corp's total 2019 payroll expenses were approximately $12.15M in order to qualify for the PPP loan amount received.
Based on their reported 191 jobs retained, this equals an estimated average yearly compensation of $63,594 per employee1.
Business Information - Verita Telecommunications Corp in Plymouth, MI
47059 Five Mile Rd
Plymouth, MI 48170
Power and Communication Line and Related Structures Construction (NAICS code 237130)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: MI-11
Industry PPP Comparison Statistics
Nationwide, 2,531 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $727,350,112.00 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 20 employees, 90% lower than Verita Telecommunications Corp's reported 191 employees, and received an average PPP loan of $287,377, 89% lower than this company's loan of $2.53M.
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